- We will increase the supply of finance available to smaller businesses where markets don’t work well.
- We will create a more diverse and vibrant finance market for smaller businesses, with a greater choice of options and providers.
- We will build confidence in the market by increasing smaller businesses’ understanding of the options available to them.
- We will achieve this whilst managing taxpayer resources efficiently and within a robust risk management framework.
The British Business Bank brings expertise and Government money to the smaller business finance markets.
Understanding markets and smaller businesses’ finance needs allows us to design programmes to make finance markets work better, and investing alongside private sector investors maximises our impact and allows us to reach the full range of finance providers such as banks, leasing companies, venture capital funds and web-based platforms.
In addition to finance, we also use guarantees to share risk with the private sector and so create stronger incentives for lenders to extend credit to smaller or growing companies.
Our route to market is through established or newly emerging finance market providers. In total we work through more than 80 finance partners in the market, and we will unlock up to £10 billion of new finance and bring greater choice and information on finance options to smaller businesses.
Our programmes are designed to bring benefits to smaller businesses that are start-ups, high growth, or simply viable but underfunded.
We are creating the opportunity for smaller businesses to invest and grow, creating additional jobs and economic activity.