News

14 June 2022

Covid-19 loan guarantee schemes may have saved between 150,000 and 500,000 businesses and between 500,000 and 2.9m jobs, finds initial evaluation

Between 10-34% of BBLS borrowers and 7-28% of CBILS/CLBILS borrowers could have permanently ceased trading in 2020 without the schemes The Covid-19 loan guarantee schemes met their primary objectives of unlocking credit for businesses at scale and speed, and resulted in £78bn in guaranteed loan facilities Reduction of approval times between CBILS and BBLS was […]

9 June 2022

British Business Bank Appoints New CEO

Louis Taylor has been appointed CEO of the British Business Bank, the UK’s economic development bank, and will take up the role from 1 October. Louis Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Louis Taylor joined UK Export Finance in 2015, enjoying a stellar career which saw the […]

31 May 2022

Zinc announces the first close of a new £28m fund to back hundreds of mission-driven entrepreneurs to build new ventures addressing the most pressing societal issues

Zinc today announces that it has completed the first close at £28m ($34m), of a fund targeting a final close of £33m ($41m), to invest in the huge global wave of entrepreneurs who want to build commercial solutions to our most pressing societal challenges. Zinc 2 Fund is an early stage venture capital fund that […]

6 April 2022

JamJar Investments raises £100m fund to back a new generation of challenger brands

London, UK – British VC JamJar Investments has raised a fund of over £100m from institutional investors, founders and via a crowdfund to expand their ability to back early-stage consumer brands across the UK and Europe. This includes a cornerstone commitment of £48m from the British Business Bank’s Enterprise Capital Funds (ECF) programme, making JamJar […]

30 March 2022

Majority of smaller businesses don’t understand ‘carbon jargon’, new British Business Bank research reveals

The majority of smaller businesses[1] in the UK don’t understand how common environmental terms such as ‘net zero’, ‘carbon neutral’ and ‘carbon footprint’ apply to their businesses, according to new research commissioned by the British Business Bank. The Opinium survey of 1,000 senior decision makers in smaller businesses found more than half (54%) believe the […]

2 March 2022

Sure Valley Ventures launches £95m UK Software Venture Capital Fund with £50m investment from the British Business Bank’s Enterprise Capital Funds programme

Sure Valley plans to expand its London and Cambridge presence with a new office in Manchester to invest in disruptive software innovation across the UK. Lord Gerry Grimstone, Minister for Investment at the Department for International Trade and the Department for Business, Energy and Industrial Strategy, endorses Sure Valley Ventures’ plans to increase investment into […]

10 February 2022

Patrick Magee to stand down as Chief Commercial Officer and Executive Director of the British Business Bank in June 2022 after 10 years’ service

Patrick was appointed to the Shareholder Executive in June 2012 where he worked on the design and establishment of the British Business Bank.  He was made Executive Director and Chief Operating Officer of the Bank in October 2014 at the time of the Bank’s establishment. In June 2017 he was made Chief Commercial Officer. Patrick […]