Learn how other UK businesses have used external finance to reach their ambition
Here’s just some of the tens of thousands of smaller businesses funded through our partners, with the support of British Business Bank’s programmes.
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Enterprise Capital Funds
NQ64
NQ64 are a chain of unique bars across the country offering a range of specialist beers and cocktails which can be enjoyed by customers while playing a range of retro arcade games and consoles.
While many businesses have focused their efforts on staying afloat during the coronavirus pandemic, this Essex-based company chose to diversify its business to manufacture much-needed medical ventilators rather than its usual motorsport components.
For this Welsh bespoke boat builder, COVID-19 couldn’t have come at a worse time. Having already suffered a major fire in its workshop, the business now had to contend with the cashflow challenges resulting from the coronavirus pandemic. Needing funds to restart production and avoid redundancies, the business applied for a loan via the Coronavirus Business Interruption Loan Scheme (CBILS).
As a self-employed, one-woman band whose company was still new, chemistry teacher Lisa Hogg didn’t qualify for any grants that would help her weather the coronavirus pandemic. Seeing her sales decline, and needing to sustain the business, she applied to the <a href='https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/'>Bounce Back Loan Scheme (BBLS) </a>for support.
Coronavirus Business Interruption Loan Scheme (CBILS)
As it has with many businesses across the UK, the ongoing coronavirus crisis caused this beauty products manufacturer to look closely at its operating model in order to remain in business long term.
Having grown from little more than a market stall in 2014 to an almost £1m-a-year business in 2020, the future was looking bright for this eco-friendly glitter supplier. Then the COVID-19 pandemic hit, and the business faced sudden financial trouble, having spent much of its working capital on stock it now couldn’t sell. Furloughing staff and depending solely on its dwindling overdraft, the business applied to the Bounce Back Loan Scheme (BBLS) for support.
Having already struggled through a challenging winter of bad weather, the arrival of COVID-19 and the associated lockdown meant this Cornwall riding centre had to shut down.
Forced to close a new £350,000 salon that opened only four days before the first government lockdown, this business then had to contend with a prolonged period of closure and no revenue from its usual hairdressing services.
Like the rest of the hospitality industry, this microbrewery had no option but to close its doors once the government lockdowns began. With its income massively depleted, and serious concerns over its ability to survive the pandemic, the business sought financial support via the Bounce Back Loan Scheme (BBLS).
Coronavirus Business Interruption Loan Scheme (CBILS)
Although tyre retailers Kerr’s Tyres continued to service hauliers and delivery companies throughout the disruption caused by COVID-19, it lacked the wUlster Bank (Northern Ireland)orking capital to sustain itself for any real length of time.
Coronavirus Business Interruption Loan Scheme (CBILS)
After a change of ownership, TVR has been looking to get back on track with the production of its new sports car. The COVID-19 pandemic, however, has caused the company delays and some financial challenges. With a new loan via the Coronavirus Business Interruption Loan Scheme (CBILS), the future now looks a lot brighter for this manufacturer.
Coronavirus Business Interruption Loan Scheme (CBILS)
Having bought this West Yorkshire fish and chip shop in the middle of the COVID-19 pandemic, owner Ryan Butterworth faced the immediate challenge of staying afloat despite a significant reduction in trade.
Having taken on the business in 2018, the owners of this coaching inn, bar and restaurant were finally ready to see a profit for their endeavour. But when COVID-19 caused them to close, all their income disappeared and they were forced to make staff redundant.
Organise is a 500,000-strong worker-driven online network of people who support each other at work by providing the tools, support and confidence people need to improve their work lives.
The Technology Group is a managed communications provider, helping businesses and organisations to better communicate with their customers and teams. It provides telephone and VoIP systems, hosted telephony systems, internet connectivity and other telecommunications services to businesses across the UK.
Capital Cars is an established Edinburgh taxi private-hire company that provides a range of services from airport transfers to luxury chauffeur trips and exclusive tours of Scotland.
One Utility Bill is a utility bills management service based in Ouseburn, Newcastle upon Tyne that allows customers to bundle all their bills for energy, water, broadband and TV into one fixed monthly payment.
Alexander Technologies Europe Limited designs and manufactures custom lithium-ion battery packs and proprietary chargers for powered air-purifying respirators, portable medical devices and other applications.
