17 December 2020

Coronavirus loan schemes extended to 31 March 2021

More businesses will now be able to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) and Bounce Back Loan Scheme top-ups. To date, the three schemes have supported a total of over 1.5m facilities to businesses, providing over £68 […]

17 December 2020

British Business Bank support schemes deliver £68bn of loans to smaller businesses

£43.5bn Bounce Back Loan Scheme £19.6bn Coronavirus Business Interruption Loan Scheme £5bn Coronavirus Larger Business Interruption Loan Scheme £975.5m Future Fund Today the government published new statistics that show businesses across the UK have to date benefitted from 1,515,280 government-guaranteed loans worth £68.1bn to support their cashflow during the crisis through schemes delivered by the […]

17 December 2020

Future Fund Publishes Diversity Data of Companies Receiving Convertible Loan Agreements

£975.5m worth of convertible loans approved for 971 companies 39% of funding to companies outside London worth £384.9m 78% of funding to mixed gender senior management teams 59% of funding to mixed ethnicity senior management teams Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 971 companies that […]

14 December 2020

British Business Bank appoints Jenny Knott as Non-Executive Director

The British Business Bank has appointed Jenny Knott as Non-executive Director (NED) to the board of British Business Bank plc, effective from 14 December 2020. Jenny Knott is a highly experienced board-level investment banker with over 30 years’ experience in banking and corporate finance. She has served as Chief Executive Officer (CEO), Chief Financial Officer […]