British Business Bank Investments Ltd – Full Year results for the period end 31 March 2016

British Business Bank Investments Ltd reports strong results with a pre-tax profit of £40m and a dividend to the shareholder of £32m.

Sheffield and London: British Business Bank Investments Ltd, the commercial arm of British Business Bank plc, today announces its annual results for the period to 31 March 2016.

British Business Bank Investments Ltd invests in small business finance providers, generating an attractive commercial return on investment for the UK taxpayer and improving the finance markets for small, medium and mid-cap businesses.

Highlights for the full year to 31 March 2016:

• Gross annual income of £45.5m, delivering a pre-tax profit of £40.0m
• Gross return on average capital for the year was 7.6% pre costs and 6.7% post costs – both ahead of benchmark targets
• Dividend of £32.0m paid to the shareholder, British Business Bank plc
• Supporting 12,068 businesses across the UK at 31 March 2016
• £0.7bn invested, alongside £4.6bn of private sector capital across 34 business finance providers
• Investment asset growth of 41% for the year