News

21 September 2017

British Business Investments – full year results for the period ending 31 March 2017

British Business Investments, the commercial arm of British Business Bank plc, today announces its annual results for the period to 31 March 2017. The results demonstrate significant growth in gross annual income and pre-tax profits (£60.5m and £55.1m respectively). The gross return on average capital employed for the period (7.4%, or 6.7% net of costs) […]

12 September 2017

British Business Bank welcomes new Chair, Lord Smith of Kelvin

Lord Smith of Kelvin has taken up his position as the new Chair of the British Business Bank, the UK’s economic development bank. Lord Smith has now joined the British Business Bank, bringing over 20 years of chairman experience, including leading the Smith Commission on further devolution of powers to the Scottish Parliament. Most recently, […]

29 August 2017

British Business bank launches first £120m tranche of Midlands Engine Investment Fund

Fund launched alongside new report on state of Midlands economy Report highlights potential of Midlands’ smaller businesses to drive regional growth  The British Business Bank has today announced the first wave of its £250m Midlands Engine Investment Fund, with the launch of £120million worth of SME debt finance, in a move designed to provide greater […]

11 August 2017

Match-making service for small businesses looking for finance pays out £4m

Over the past 9 months, 230 small businesses from beauticians to forklift truck training companies, which were rejected for finance by some of the UK’s biggest banks, have received £3.8m from alternative lenders. The government-backed bank referral scheme, launched in November 2016, requires 9 of the UK’s biggest banks to pass on the details of small […]

3 August 2017

British Business Bank Investments Ltd commits €40 million in first closing for Harbert European Growth Capital Fund II.

This second European Growth Capital Fund will allow Harbert to expand its lending of venture debt finance to fast growing, innovative, technology-focused SMEs – particularly those backed by venture capital firms. The funding is being provided under British Business Bank Investment Ltd’s Investment Programme, which has so far committed over £615m to providers of finance […]

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 […]