27 October 2020

British Business Investments appoints Adam Kelly as new Managing Director

Adam was previously Director of British Business Investments’ Structured Capital Solutions portfolio. As part of that role, Adam has led investments in challenger banks and has been key in its support for that sector. Adam built his career in corporate finance with investment banks, Dresdner Kleinwort and JP Morgan Cazenove before becoming involved in the […]

22 October 2020

British Business Bank support schemes deliver almost £62bn of loans to smaller businesses

£40.2bn Bounce Back Loan Scheme £17.2bn Coronavirus Business Interruption Loan Scheme £4.6bn Coronavirus Larger Business Interruption Loan Scheme £771m Future Fund Today the government published new statistics that show businesses across the UK have to date benefitted from 1,410,037 government-guaranteed loans worth £61.9bn to support their cashflow during the crisis through schemes delivered by the […]

21 October 2020

Entrepreneurs from ethnic minority backgrounds experience substantially worse business outcomes than white entrepreneurs

Black entrepreneurs report lower turnover and profit than White entrepreneurs, and many fewer meet their business aspirations Black female business owners, and female business owners from Asian and Other Ethnic Minority backgrounds experience the lowest levels of business success Economic background and location are critical to entrepreneurial success, irrespective of ethnicity and gender Black business […]

20 October 2020

Future Fund publishes diversity data of companies receiving convertible loan agreements

£770.8m worth of convertible loans approved for 745 companies 42% of funding to companies outside London worth £320.6m 81% of funding to mixed gender senior management teams 61% of funding to mixed ethnicity senior management teams Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 745 companies that […]

16 October 2020

British Business Bank commissioned to convene a Working Group on Access to Capital for Entrepreneurs to feed into the Prime Minister’s Commission on Race and Ethnic Disparities

The recommendations will feed into the ‘Employment and Enterprise’ sub-group as part of the Commission on Race and Ethnic Disparities, set up by the Prime Minister in July 2020 to review inequality in the UK. In addition to employment and enterprise, the Commission’s sub-groups will focus on education, health and the criminal justice system. Catherine […]

8 October 2020

More than half of UK business angels have continued to invest post Covid-19 reveals new UK Business Angels 2020 report by the British Business Bank

Published today, the British Business Bank’s UK Business Angels Market report 2020 reveals that angel investors across the UK are continuing to invest in early stage businesses and are optimistic about the future despite current economic uncertainty. Despite almost half of angels reporting a negative impact on their investment activity from Covid-19, overall the business […]