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 […]

28 July 2020

British Business Bank Business Support Schemes Deliver over £49bn of loans to smaller businesses

£33.7bn Bounce Back Loan Scheme £12.6bn Coronavirus Business Interruption Loan Scheme £3.1bn Coronavirus Larger Business Interruption Loan Scheme £512.9m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,171,003 government-guaranteed loans worth £49.43bn to support their cashflow during the crisis through schemes delivered by […]

14 July 2020

British Business Bank Business Support Schemes deliver £46bn of loans smaller businesses

£31.7bn Bounce Back Loan Scheme £11.8bn Coronavirus Business Interruption Loan Scheme £2.7bn Coronavirus Larger Business Interruption Loan Scheme £419m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,102,561 government-guaranteed loans worth £46.3bn to support their cashflow during the crisis through schemes delivered by […]

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 […]

2 June 2020

British Business Bank Business Support Schemes deliver more than £31bn of loans to more than 745,000 Smaller Businesses

£21.2bn Bounce Back Loan Scheme £8.9bn Coronavirus Business Interruption Loan Scheme £1.1bn Coronavirus Larger Business Interruption Loan Scheme 464 applications for the Future Fund Today the government published new statistics that show 745,388 businesses across the UK have to date benefitted from over £31 billion in loans and guarantees to support their cashflow during the […]

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 […]

5 November 2019

British Business Bank appoints Neeta Atkar as Senior Independent Director

Ms Atkar steps up into the role having served as a Non-executive Director since July 2016 and will continue to Chair the British Business Bank’s Risk Committee. The previous incumbent, Christina McComb, steps down from the Board, having served two terms as Senior Independent Director since 2013. Lord Smith, Chair of the British Business Bank, […]