News

29 July 2020

CIOSIF supporting growth and innovation says new report

A £40m investment fund to help growing small businesses in Cornwall and the Isles of Scilly is boosting business performance and changing attitudes to finance, according to a new report. The Cornwall and Isles of Scilly Investment Fund (CIOSIF) was set up by the British Business Bank and the Cornwall and Isles of Scilly Local […]

28 July 2020

British Business Bank Business Support Schemes Deliver over £49bn of loans to smaller businesses

£33.7bn Bounce Back Loan Scheme £12.6bn Coronavirus Business Interruption Loan Scheme £3.1bn Coronavirus Larger Business Interruption Loan Scheme £512.9m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,171,003 government-guaranteed loans worth £49.43bn to support their cashflow during the crisis through schemes delivered by […]

22 July 2020

New lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Fiduciam to join over 100 existing CBILS accredited lenders BBVA accredited under CLBILS Today the British Business Bank has announced that it has approved Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), and accredited BBVA under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Fiduciam will be able to […]

21 July 2020

British Business Bank Business Support Schemes deliver over £47bn of loans to smaller businesses

£32.8bn Bounce Back Loan Scheme £12.2bn Coronavirus Business Interruption Loan Scheme £2.9bn Coronavirus Larger Business Interruption Loan Scheme £468.7m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,140,255 government-guaranteed loans worth £47.88bn to support their cashflow during the crisis through schemes delivered by […]

21 July 2020

Future Fund publishes diversity data of companies receiving convertible loan agreements

£468.7m worth of convertible loans approved for 465 companies 39% of funding to companies outside London worth £183.8m 82% of funding to senior management teams of mixed gender 59% of funding to senior management teams of mixed ethnicity Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 465 […]

16 July 2020

Changes to EU State Aid Undertaking in Difficulty test increases access to the Coronavirus Business Interruption Loan Scheme for smaller businesses

Following the recent EU changes in State Aid Law relating to the ‘undertaking in difficulty’ test for businesses, the British Business Bank has amended its Coronavirus Business Interruption Loan Scheme. The amendment means that smaller businesses with fewer than 50 employees and less than £9,000,000 in annual turnover and/or annual balance sheet will not be […]

15 July 2020

New lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Bank of India joins over 100 existing CBILS accredited lenders Silicon Valley Bank accredited under CLBILS Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender […]

14 July 2020

British Business Bank Business Support Schemes deliver £46bn of loans smaller businesses

£31.7bn Bounce Back Loan Scheme £11.8bn Coronavirus Business Interruption Loan Scheme £2.7bn Coronavirus Larger Business Interruption Loan Scheme £419m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,102,561 government-guaranteed loans worth £46.3bn to support their cashflow during the crisis through schemes delivered by […]

8 July 2020

New Lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Funding Circle accredited to Bounce Back Loan Scheme (BBLS) Maven Capital Partners and Satago to join nearly 100 existing CBILS accredited lenders Today the British Business Bank has announced that it has approved Funding Circle for accreditation to the Bounce Back Loan Scheme (BBLS), and Maven Capital Partners and Satago for accreditation under the Coronavirus […]

7 July 2020

British Business Bank Business Support Schemes Deliver £45bn of Loans to Smaller Businesses Including 1 Million Bounce Back Loans

Today the government published new statistics that show businesses across the UK have to date benefitted from 1,067,340 government-guaranteed loans worth £45bn to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 1,013,410 Bounce Back Loans worth £30.93 billion, 53,536 loans worth over £11 billion through the Coronavirus […]