News

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 […]

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 […]

25 September 2020

British Business Bank confirms changes to ‘undertaking in difficulty’ guidance

To be eligible for these schemes, businesses previously had to demonstrate that they were not an ‘undertaking in difficulty’ – a requirement under EU State aid law – as of 31 December 2019. The definition of ‘undertaking in difficulty’ includes businesses that: had accumulated losses greater than half of their subscribed share capital (for limited […]

10 June 2020

British Business Bank Appoints Interim CEO

Catherine Lewis La Torre appointed Interim CEO from 1 September Catherine Lewis La Torre has been appointed Interim CEO of the Government-owned British Business Bank and will take up the role from 1 September. Catherine currently holds the position of CEO of the Bank’s two commercial subsidiaries, British Patient Capital and British Business Investments. In […]

27 May 2020

British Business Bank support schemes deliver more that £27bn of loans to more than 651,000 smaller businesses

£18.4bn Bounce Back Loan Scheme £8.1bn Coronavirus Business Interruption Loan Scheme £820m Coronavirus Larger Business Interruption Loan Scheme Today the government published new statistics that show businesses have to date benefitted from over £27 billion in loans and guarantees to support their cashflow during the crisis through schemes delivered by the British Business Bank. This […]

15 January 2020

British Business Bank responds to National Audit Office report

Commenting on the report, British Business Bank CEO, Keith Morgan, said: “We welcome the NAO’s findings that the British Business Bank has performed well against its objectives, enabling additional growth in UK SMEs as a result of our activities. “The NAO has provided a robust evidence base, culminating in a balanced report. As well as […]