Report and publications
Gender pay gap report 2024
Download the British Business Banks Gender and ethnicity pay gap report - 2024
About the British Business Bank
The British Business Bank is the UK Government’s economic development bank. Its mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by improving access to finance for smaller businesses.
To achieve this, we design, deliver and manage access to finance programmes for smaller businesses across the UK. Ours is a purpose driven organisation, and our values – commitment, collaborative and creativity – are at the heart of everything we do.
As well as increasing both supply and diversity of finance for UK smaller businesses through our programmes, we work to raise awareness of the finance options available to smaller businesses. This helps support the creation of a sustainable UK economy, with smaller businesses at the heart, driving enduring prosperity for all.
The Bank has four strategic objectives
Driving sustainable growth
Ensuring smaller businesses can access the right type of finance they need to start, survive and grow.
Backing innovation
Ensuring innovative businesses can access the right capital to start and scale.
Unlocking potential
Unlocking growth by ensuring entrepreneurs can access the finance they need regardless of where and who they are.
Building the modern, green economy
Financing groundbreaking solutions to climate change and helping smaller businesses transition to net zero so they thrive in a green future.
A decade of impact on the UK economy
Since being established in 2014, the British Business Bank has delivered more than £32bn in combined public and private sector funding, supporting 209,000 smaller businesses which are expected to create 250,000 additional jobs and sustain almost 2.3 million existing positions, cementing its role as a critical driver of growth and employment in the UK since its inception.
Smaller businesses supported by the Bank are projected to generate £97bn in additional turnover and around £43bn additional economic output over the lifetime of their finance.
The Bank has successfully supported businesses across the UK, with 84% of businesses supported based outside London, underscoring its commitment to delivering fair access to finance in all Nations and regions. This support is expected to generate significant economic benefits, estimated as at least £1bn in GVA toeach of the 12 UK Nations and regions
The British Business Bank’s core programmes support £17.4bn of finance to more than 64,000 smaller businesses Read footnote text * .
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Figures as at end March 2024