News

26 September 2022

British Business Bank expands Start Up Loans programme

Loans now available to start ups that have been trading for up to three years Second loans now available for businesses that have been trading for up to five years Since 2012, the Start Up Loans programme has delivered more than £900 million worth of funding to entrepreneurs nationwide Providing vital support to start ups […]

27 July 2022

Concept Ventures secures British Business Bank backing to launch £50 million pre-seed fund ‘built for founders’

London, UK – Concept Ventures (Concept), formerly known as RLC Ventures, has launched an oversubscribed £50 million pre-seed fund (the Fund) – including a £30 million cornerstone commitment from the British Business Bank’s Enterprise Capital Funds (ECF) programme – to close the ever-increasing funding gap at pre-seed and create the largest, dedicated pre-seed fund in […]

20 July 2022

Recovery Loan Scheme offers over £4.5 billion of lending to smaller businesses

Over £4.5bn of lending offered through more than 20,600 facilities for smaller businesses across the UK The British Business Bank announces today that, through the Recovery Loan Scheme, accredited lenders have offered over £4.5 billion to smaller UK businesses as they steer a path towards a sustainable recovery. Of the £4.51 billion of total funding […]

28 June 2022

Second Investing in Women Code annual progress report published

Today, the government publishes the second Investing in Women Code annual progress report. Launched in 2019, the Code is a commitment to support the advancement of women entrepreneurs in the United Kingdom by improving their access to the tools, resources and finance they need to achieve their goals. The number of Code signatories has now […]

22 June 2022

Equity investment in smaller UK businesses hit a record £18.1 billion last year

Investment into UK smaller businesses in 2021 was almost double that of 2020, with a total of 2,616 deals Momentum continued into 2022 with equity investment of £7.6 billion in Q1 2022, the highest recorded in a single quarter British Business Bank programmes supported 18% of all announced equity deals in the UK 2021 Equity […]

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 £78 billion in guaranteed loan facilities Reduction of approval times between CBILS and BBLS […]