News

11 January 2018

Northern Powerhouse Investment Fund completes first £2m investment into fast-growing IT firm

This significant investment marks the single largest investment to date since the Northern Powerhouse Investment Fund was launched in February last year. Sheffield based Azzure IT helps organisations throughout the UK, ranging from SME’s to larger not for profit enterprises, to transform productivity and enhance growth by implementing the next generation of smart business applications […]

10 January 2018

British Business Bank agrees new facility with Simply Asset Finance that will provide more than £60m of funding to UK small and medium size businesses

Transaction is the sixth under British Business Bank’s ENABLE Funding programme Facility is designed to unlock further funding for the UK small and medium size businesses (SMEs) Simply Asset Finance has arranged more than £35m of financing in the last seven months The British Business Bank today announces that it is providing a facility to […]

3 January 2018

BRITISH BUSINESS BANK AGREES NEW ENABLE FUNDING FACILITY WITH TOWER LEASING TO BOOST ASSET FINANCE FOR SMALLER BUSINESSES

ENABLE Funding programme facility will give Bracknell-based Tower Leasing access to a £25.5m line of asset finance The British Business Bank has announced that it is providing a £25.5m facility to Tower Leasing. The transaction, made under the Bank’s ENABLE Funding programme, will allow Tower to provide additional asset finance to smaller businesses looking to […]

8 December 2017

Angel Investment is up but the UK’S equity gap persists

The new research shows that, despite this good news, the UK’s regional equity gap is stubbornly persistent. This underlines the findings of the Bank’s Equity Tracker, published in August, which showed London continuing to experience greater levels of equity investment compared to other UK regions, with the capital accounting for 47% of UK deals in […]

6 December 2017

British Business Bank appoints Piers Linney and Amanda Rendle as Non-Executive Directors

Piers Linney is Chairman and an investor in Soulmatefood and sits on the Boards of Nesta and the Aleto (formerly Powerlist) Foundation. He was an investor on Dragons’ Den and was recognised as Black Entrepreneur of the Year in 2014/15. He has extensive experience in founding, growing and selling SMEs and raising capital for venture, […]

1 December 2017

Episode 1 raises new £60m fund from British Business Bank’s Enterprise Capital Funds programme to invest in UK seed companies

Ex-Amazon UK CEO raises second early stage tech fund of £60m Fund is oversubscribed, and 60% bigger than Episode 1’s first fund Episode 1, the backer of successful companies like Carwow, Triptease & AimBrain, today announces the closure of its second UK seed-to-Series A fund, raised to help passionate teams turn innovative insight into scalable […]

30 November 2017

British Business Investments commits £15m to Balderton’s new $375m fund

The investment is being made under its VC Catalyst programme, which has now made total commitments of around £120m to 11 venture capital funds since its inception in 2013. The VC Catalyst programme’s diversified portfolio includes life sciences, energy and resource efficiency across early and growth-stage technology businesses. Balderton’s latest fund has been raised from […]

23 November 2017

Budget 2017

Much of the increase in resourcing is due to the leading role the Bank is being asked to take in implementing an innovative package to increase patient capital in the UK. This derives from the recommendations of HM Treasury’s Patient Capital Review, which received expert support from an industry panel led by Sir Damon Buffini. […]

16 November 2017

HIDDEN BRITAIN: SURVEY REVEALS 98% OF PEOPLE UNDERESTIMATE THE SCALE OF SMALL BUSINESSES IN THE UK

British Business Bank launches ‘Small Wonders’ campaign Only 2% of respondents realise small businesses make up 99% of total UK businesses Four in five (81%) significantly underestimate the economic contribution small businesses make to the UK The British Business Bank has launched a campaign to highlight the contribution of small businesses – shining a light […]