News

6 July 2021

Final Future Fund data shows scheme completed £1.14bn of Convertible Loan Agreements

£1.14bn worth of convertible loans completed for 1,190 companies 41% of funding to companies outside London worth £463.7m 78% of funding to mixed gender senior management teams 56% of funding to Black, Asian or Other Ethnic Minority background & White senior management teams 34% of funding to technology and IP-based businesses Today the British Business […]

25 March 2021

British Business Bank support schemes delivers over £75bn of loans to 1.6m smaller businesses

Today the government published new statistics that show businesses across the UK have to date benefitted from 1,630,155 government-guaranteed loans worth £75.1bn to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 1,531,095 Bounce Back Loans worth £46.5billion, 98,344 loans worth £23.3 billion through the Coronavirus Business Interruption […]

16 March 2021

British Business Bank welcomes outcome of Integrated Review

The National Security Strategic Investment Fund (NSSIF), the government’s corporate venturing arm for dual-use advanced technologies, plays a key role in fostering technological innovation. A joint initiative between the UK Government and the British Business Bank, NSSIF supports the provision of long-term equity capital, needed by companies developing new capabilities in areas of strategic importance […]

3 March 2021

Budget 2021: British Business Bank Response

Catherine Lewis La Torre, Chief Executive, British Business Bank, said: “The Chancellor has confirmed the British Business Bank’s central role in the next phase of the UK’s economic recovery from Covid-19. As businesses begin to plan for the post-Covid period, they will need targeted finance to support them. We welcome today’s announcement of two new […]

25 February 2021

British Business Bank support schemes deliver almost £73bn of loans to 1.6m smaller businesses

Today the government published new statistics that show businesses across the UK have to date benefitted from 1,593,620 government-guaranteed loans worth £72.9bn to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 1,500,466 Bounce Back Loans worth £45.6billion, 92,449 loans worth £22 billion through the Coronavirus Business Interruption […]

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 […]

25 November 2020

Spending Review 2020: British Business Bank Response

Catherine Lewis La Torre, Chief Executive, British Business Bank, said: “The Chancellor has confirmed the British Business Bank’s budgets for 2021/22, as well as announcing expansion in some areas. This package enables us to build on our work to date, including in response to Covid-19, so that we can continue to support smaller businesses in […]

19 November 2020

British Business Bank support schemes deliver almost £65.5bn of loans to smaller businesses

Today the government published new statistics that show businesses across the UK have to date benefitted from 1,476,042 government-guaranteed loans worth almost £65.5billion to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 1,397,475 Bounce Back Loans worth £42.2billion, 77,909 loans worth £18.5billion through the Coronavirus Business Interruption […]

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 […]