News

30 June 2020

British Business Bank Business Support Schemes deliver over £42bn of Loans to more than 1,000,000 smaller businesses

£29.5bn Bounce Back Loan Scheme £11bn Coronavirus Business Interruption Loan Scheme £2.3bn Coronavirus Larger Business Interruption Loan Scheme £320m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,019,955 government-guaranteed loans, worth £42.91bn, to support their cashflow during the crisis, through schemes delivered by […]

30 June 2020

Future Fund extended to UK Companies from Accelerator Programmes outside the UK

The Chancellor of the Exchequer today announced that the Future Fund is being expanded to accommodate businesses that contribute significantly to the UK economy, but do not have their parent company based in the UK because they participated in a non-UK based accelerator programme. Accelerators are open and competitive programmes which are designed to select […]

25 June 2020

Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year

Value of total equity investment in UK’s smaller businesses rose 24% to £8.5bn Growth stage deals are the primary driver of increased investment Early signs of market softening before emergence of Covid-19 British Business Bank programmes supported 11% of all UK equity deals Equity investment in the UK’s tech businesses increased by 27% in 2019 […]

23 June 2020

British Business Bank Business Support Schemes deliver over £40bn of loans to more than 972,000 Smaller Businesses

£28bn Bounce Back Loan Scheme £10.5bn Coronavirus Business Interruption Loan Scheme £2.1bn Coronavirus Larger Business Interruption Loan Scheme £236m Future Fund   Today the government published new statistics that show 972,026 businesses across the UK have to date benefitted from £40.72 billion in loans and guarantees to support their cashflow during the crisis through schemes […]

23 June 2020

Future Fund publishes Diversity Data of Companies receiving Convertible Loan Agreements

£236.2m worth of convertible loans approved for 252 companies 45% of funding to companies outside London worth £106m Almost 80% of management teams are mixed gender 50% of management teams are mixed ethnicity For immediate release 23 June 2020: Today the British Business Bank publishes Future Fund data that gives a detailed picture of the […]

22 June 2020

Epidarex Capital closes new £102 million UK Venture Fund to build successful Life Science Companies

• New UK fund cornerstoned by £50 million investment from the British Business Bank, through its Enterprise Capital Funds (ECF) programme • Epidarex Capital III UK LP will invest in new life science companies from emerging research hubs across the UK, including spinouts from highly regarded universities Epidarex Capital (“Epidarex”), a transatlantic life science venture […]

17 June 2020

New Lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Investec accredited to Bounce Back Loan Scheme (BBLS) 4Syte, Asset Finance Partners, JCB Finance, Merchant Money, Sonovate and United Trust Bank to join almost 90 existing CBILS accredited lenders Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new […]

16 June 2020

British Business Bank Business Support Schemes deliver over £38bn of loans to more than 913,000 Smaller Businesses

£26.3bn Bounce Back Loan Scheme £10.1bn Coronavirus Business Interruption Loan Scheme £1.7bn Coronavirus Larger Business Interruption Loan Scheme £146m Future Fund   Today the government published new statistics that show 913,110 businesses across the UK have to date benefitted from £38.22 billion in loans and guarantees to support their cashflow during the crisis through schemes […]

16 June 2020

Future Fund approves 155 Companies for Convertible Loans

155 companies approved for Future Fund convertible loans, an increase of over 100 in the last week Today the British Business Bank publishes new statistics that show 155 companies have received Convertible Loan Agreements for signature out of 577 applications, an increase of over 100 in the last week. To date, £146m worth of convertible […]