News

31 January 2024

Y Gronfa Buddsoddi i Gymru’n cyhoeddi ei gytundeb mawr cyntaf

Mae Banc Busnes Prydain wedi cyhoeddi ei gytundeb ecwiti mawr cyntaf o’r Gronfa Buddsoddi i Gymru gwerth £130m, gyda buddsoddiad o £650,000 o’r gronfa Cyllid Ecwiti, sy’n cael ei reoli gan Foresight Group (“Foresight”) y rheolwyr cronfa a benodwyd i reoli’r gronfa, yn y cwmni teithio ‘antur caled’ EverTrek. Mae’r cytundeb yn cynnwys cyllid cyfatebol […]

31 January 2024

Investment Fund for Wales announces its first major deal

The British Business Bank announces its first major equity deal from the £130m Investment Fund for Wales, with a £650,000 investment from the Equity Finance fund, managed by appointed fund managers Foresight Group (“Foresight”), into ‘hard adventure’ travel firm, EverTrek. The deal includes co-funding of £650,000 which Foresight has provided using the Midlands Engine Investment […]

29 January 2024

Investment Fund for Scotland announces first major deal

The British Business Bank has today announced its first major deal from the £150m Investment Fund for Scotland, with a £750,000 equity investment, through appointed fund Managers Maven Capital Partners into medical technology business Carcinotech. Edinburgh-based Carcinotech has raised £4.2 million as part of its latest funding round and has plans to expand into the […]

9 January 2024

British Business Bank agrees £21.25m increase to ENABLE Funding facility with Tower Leasing to boost asset finance for smaller businesses

The original £25.5m facility was agreed in December 2017, which allowed Tower Leasing to provide additional asset finance to smaller businesses looking to acquire business critical assets to boost their growth. This new facility size of £46.75m will allow Tower Leasing to support a strong origination pipeline built upon long-standing relationships with equipment vendors/resellers and […]

14 December 2023

British Business Bank launches asset-based lending variant of the Recovery Loan Scheme

The asset-based lending variant aims to broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range of business assets. The new Recovery Loan Scheme asset-based lending variant joins the existing term loan, revolving credit facility, invoice finance and asset finance variants, […]

12 December 2023

£200m South West Investment Fund passes £2m investment milestone

The government-backed fund was launched in July by the British Business Bank to boost the supply of finance to small and medium-sized businesses throughout the South West. The Bank announced last month the fund’s first equity investment of £500,000 in tech-led commercial waste and recycling business Binit. Now it has confirmed that the South West […]

6 December 2023

British Business Bank appoints Deputy Chief Investment Officer

The Deputy Chief Investment Officer role is a new position, which will report to the Bank’s Chief Investment Officer once appointed in 2024. Prior to joining British Patient Capital in 2018, Ian Connatty joined the Bank’s predecessor, Capital for Enterprise Ltd in 2009 and was part of the team who set up the Bank. Ian […]