News

11 August 2017

Match-making service for small businesses looking for finance pays out £4m

Over the past 9 months, 230 small businesses from beauticians to forklift truck training companies, which were rejected for finance by some of the UK’s biggest banks, have received £3.8m from alternative lenders. The government-backed bank referral scheme, launched in November 2016, requires 9 of the UK’s biggest banks to pass on the details of small […]

3 August 2017

British Business Bank Investments Ltd commits €40 million in first closing for Harbert European Growth Capital Fund II.

This second European Growth Capital Fund will allow Harbert to expand its lending of venture debt finance to fast growing, innovative, technology-focused SMEs – particularly those backed by venture capital firms. The funding is being provided under British Business Bank Investment Ltd’s Investment Programme, which has so far committed over £615m to providers of finance […]

18 July 2017

British Business Bank publishes Annual Report showing strong results and impressive growth

In 2016/17, the Bank delivered robust results against all four of its objectives: Increasing the supply of finance to smaller businesses – total stock of finance provided through Bank programmes rising by 24% to £9.2bn Helping create a more diverse finance market for smaller businesses – 94% of the support we offer is delivered through […]

10 July 2017

GCP caps a successful year with a £40m investment from British Business Bank Investments Ltd to complete the final close of Fund IV at £205m

The Fund exceeded its target of £200m with commitments from a diverse investor base of U.K., European and U.S. institutional investors, including public pension funds, insurance companies and investment management groups. Existing investors showed strong continued support, with 80% making further investments, and six new UK and European investors have also been welcomed into the […]

29 June 2017

BOOST&Co Limited secures additional £20m commitment from British Business Bank Investments Ltd for its Industrial Lending 1 fund  

BOOST&Co’s Industrial Lending 1 fund provides venture debt loans of between £2m and £8m to innovative, fast growing companies looking to scale-up. These loans are available to early stage technology startups which have an established business model and can support their rapid growth prospects. To date, the fund has made total commitments of £100m, with […]

12 May 2017

News from our partners – Pentech announces £88m fund to invest in early stage software companies with global potential

Pentech, which has offices in Edinburgh and London, invests at series A and pre-series A. The Pentech team have a strong track record of working closely  with founders to support them building and developing their businesses. Pentech’s main area of interest is discovering where new disruptive technologies, such as Artificial Intelligence, Machine Learning, Big Data […]

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 […]