21 April 2017

Business Minister announces the appointment of new British Business Bank Chair

Business Minister Margot James has today announced the appointment of the Lord Smith of Kelvin as the new non-executive chairman of the British Business Bank. Lord Robert Smith joins the UK’s national development bank for businesses with over 20 years of chairman experience, most recently as Chair of the Green Investment Bank and of the […]

21 April 2017

British Business Bank agrees new £37.4m ENABLE Funding facility with Shire Leasing to boost asset finance for smaller businesses

ENABLE Funding programme facility will give Tamworth-based Shire access to a £37.4m ‘warehouse’ line British Business Bank’s commercial arm providing £6.6m of mezzanine funding under its Investment Programme European Investment Fund will guarantee 50% of the ENABLE Funding facility The British Business Bank today announces that it is providing a £37.4m facility to Shire Leasing […]

11 April 2017

Money flowing to businesses from £400m Northern Powerhouse Investment Fund

The transactions, which are spread across the Northern Powerhouse region, include: Blake UK: NPIF – Enterprise Ventures Debt Finance, provided a £100,000 loan to Sheffield-based TV/AV reception and distribution products manufacturer/importer and supplier Blake UK. The funding will allow the company to diversify its product range into new lines such as CCTV equipment and increase stock […]

3 April 2017

British Business Bank and Start Up Loans Company merge to improve opportunities for the UK’s microbusiness community

The British Business Bank, the UK’s national business development bank, and the Start Up Loans Company, a government-backed scheme supporting microbusinesses with access to finance, will merge from today after both boards ratified the joint decision. The merger enables both organisations to collaborate as they seek to support microbusinesses and deliver the Government’s manifesto commitment […]

22 February 2017

£400m Fund launches for Northern SMEs

The British Business Bank’s recent Spotlight: The Northern Powerhouse Investment Fund publication reported that the North contributes £350bn per year in GDP – close to one fifth of the UK economy. The new fund aims to build on this foundation by providing smaller businesses with increased choice of funding and producing greater levels of investment […]

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 […]