News

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 […]

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 […]