News

22 September 2021

British Business Bank managing £89bn of finance support to 1.77m businesses, up from £8bn in 2020, with an above target adjusted return of 14.6%

Catherine Lewis La Torre, CEO, British Business Bank, said: “Throughout 2020/21, in response to the pandemic the British Business Bank performed a role vital to the UK government, finance markets and the economy as a whole. “Our financial support to smaller businesses has increased by more than £80bn during the last financial year, and now […]

6 July 2021

Analysis of final Coronavirus loan scheme data shows £79.3bn of loans to 1.67m businesses, evenly distributed across whole of the UK

£47.4bn Bounce Back Loan Scheme £26.4bn Coronavirus Business Interruption Loan Scheme £5.6bn Coronavirus Larger Business Interruption Loan Scheme Outside London and the South East, the North West reports the largest usage of CBILS and BBLS Wholesale and retail sector received highest value of loans (£12.4bn), followed by Construction (£11.7bn).  Today the government publishes new statistics […]

16 June 2021

Equity investment in smaller UK businesses reached a record £8.8bn last year

Investment into the UK deep tech sector has grown significantly in the past five years, rising 291% to £2.3bn, but still lags behind the US, the market leader Total value of equity investment in smaller businesses reached £4.5bn in Q1 2021, the highest amount ever recorded in a single quarter British Business Bank programmes supported […]

19 April 2021

Redrice Ventures reaches £50 million first close for venture fund to back the next generation of category-leading and culture-defining brands

A group of leading entrepreneurs and investors have joined forces with the sector body for British brands to reach first close for a £50 million venture capital fund that will support some of the most exciting purpose-led brands and related technology companies in the premium consumer space. Redrice Ventures (“Redrice”) has brought together a combination […]

25 March 2021

Future Fund Approves £1.2 Billion of Convertible Loan Agreements

£1.20bn worth of convertible loans approved for 1,236 companies 40% of funding to companies outside London worth £483.6m 77% of funding to mixed gender senior management teams 56% of funding to companies with both ethnic minority and white senior management team members Today the British Business Bank publishes Future Fund data that gives a detailed […]

10 March 2021

Record levels of smaller businesses sought external financial support in 2020, with further significant demand expected in 2021, finds British Business Bank research

Almost half (45%) of SMEs applied for external financial support in 2020, compared to 13% in 2019 Gross bank lending to SMEs up 82% to £104bn, with significant further demand expected in 2021 In the 4th quarter of 2020 33% of smaller businesses expected to shrink over the next 12 months 89% of businesses seeking […]

25 February 2021

Future Fund Publishes Diversity Data of Companies Receiving Convertible Loan Agreements

£1.12bn worth of convertible loans approved for 1,140 companies 39% of funding to companies outside London worth £438.7m 78% of funding to mixed gender senior management teams 57% of funding to mixed ethnicity senior management teams Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 1,140 companies that […]

28 January 2021

Future Fund Publishes Diversity Data of Companies Receiving Convertible Loan Agreements

£1,066.6m worth of convertible loans approved for 1,055 companies 39% of funding to companies outside London worth £419.8m 77% of funding to mixed gender senior management teams 57% of funding to mixed ethnicity senior management teams Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 1,055 companies that […]