News

7 February 2017

Investment Plan for Europe: £30m for innovative UK businesses

This agreement will enable BBB to guarantee bank loans for innovative companies in the UK over the next two years with the support of a counter-guarantee provided by EIF and backed under Horizon 2020, the EU’s research and innovation programme. The agreement will assist SMEs that would otherwise not have had access to the finance […]

2 February 2017

Beechbrook Capital closes £150m UK SME Credit I and backs two more businesses

Beechbrook Capital UK SME Credit I, which backs small and medium-sized businesses in the UK with a turnover of between £10m and £100m and EBITDA of more than £1m, has attracted investors from across the UK, Continental Europe and North America. Nick Fenn, Beechbrook managing partner, commented: “We are delighted that investors continue to see […]

18 January 2017

British Business Bank Investments Ltd makes £400m from Autumn Statement available to venture capital funds

The £400m, announced by the Chancellor in November, will be used to continue the Bank’s established VC Catalyst programme. This additional funding represents a major expansion for the programme, which addresses gaps in the UK’s venture capital investor base. The enlarged VC Catalyst programme primarily supports VC funds that invest in technology companies. It is […]

5 January 2017

British Business Bank expands partnership with Funding Circle

The news follows the success of the programme to date, where more than 10,000 businesses across the country have benefitted from £60m of government lending through Funding Circle, creating an estimated 30,000 new jobs (according to research carried out for Funding Circle by the Centre for Economics and Business Research (CEBR) in August 2016).* Over […]

7 December 2016

National Promotional Institutions present proposals to foster European venture capital

Access to venture capital is a key success factor for innovative, growth-oriented start-ups. This is why the study – Building Momentum in Venture Capital across Europe – was conducted jointly by the five national promotional institutions. It is based on available statistics and their expert knowledge of the single national markets. “Since the beginning, National […]

30 November 2016

British Business Bank backs new £150m Accelerated Digital Ventures (ADV) platform to boost digital businesses

A third of the funding for the new £150m platform, which will provide evergreen, patient capital to smaller businesses looking to grow no matter what stage of development, will be provided under the Bank’s Enterprise Capital Funds (ECF) programme. The Accelerated Digital Ventures (ADV) platform will make funds available to digital technology SMEs, boosting sector […]

21 November 2016

British Business Bank expands eligibility criteria for its ENABLE Funding programme to increase finance for smaller businesses

Since launch, £202m has been committed through the ENABLE Funding programme to three providers, which has facilitated over £200m of leasing and asset finance to around 4,000 smaller businesses. Building on this success, the British Business Bank has today updated its ENABLE Funding Request for Proposals to allow peer-to-peer lenders which facilitate the provision of […]