News

27 March 2018

ALDERMORE ACCREDITED UNDER THE BRITISH BUSINESS BANK’S ENTERPRISE FINANCE GUARANTEE PROGRAMME

Aldermore, the specialist bank, has become an accredited provider under the British Business Bank’s Enterprise Finance Guarantee (EFG) Programme. The accreditation will enable Aldermore to increase its supply of asset finance to smaller businesses that are working successfully but struggling to obtain the finance they need for future growth. The new offering will initially be […]

27 March 2018

British Business Bank agrees facility with 1pm to provide £35m of additional funding to smaller UK businesses

The facility, made under the British Business Bank’s ENABLE programme, will enable 1pm plc to significantly expand its asset finance lending to businesses across the UK smaller business sector, primarily for those seeking “hard asset” finance (equipment with robust residual values after a period of use) through 1pm Group’s subsidiary Bradgate Business Finance Ltd. Bernie […]

16 March 2018

British Business Bank signs up to HM Treasury’s Women in Finance Charter

HM Treasury’s Women in Finance Charter asks financial services firms to commit to four industry actions to prepare their female talent for leadership positions. Over 200 firms have signed the Charter and over 650,000 employees in the UK are covered by its plan to tackle gender inequality in financial services. The Prime Minister, Theresa May […]

8 March 2018

Northern Powerhouse Investment Fund invests £31m in first year

Over 200 investments completed across 10 LEP areas Combined value of investments totalling £31 million An additional £32 million invested in local small businesses from the private sector The £400m Fund, which is supported by the European Regional Development Fund, HM Government and the European Investment Bank, was launched by the British Business Bank as […]

22 February 2018

Midlands Engine Investment Fund launches £100m SME equity fund

Secretary of State Sajid Javid announced the launch of three funds providing up to £100m of equity finance to redress a regional imbalance in SME funding options Launch is latest wave of £250m Midlands Engine Investment Fund The equity funds follow the £120m Debt and Small Business Loans Funds launched in August 2017 Builds on […]

20 February 2018

Latest British Business Bank research reveals equity and alternative finance growing strongly, but overall demand for finance remains weak among small businesses

Equity and alternative finance demonstrate strong growth while bank lending volumes remain relatively flat UK is a world leader for start-ups and has its highest-ever population of small businesses, with a record number of start-ups UK’s scale-up performance improves, but is behind US in part due to less later stage VC funding Demand still a […]

12 February 2018

Imbiba closes £50m fund for high growth UK leisure and hospitality businesses, with £30m contribution from British Business Bank

The £30m contribution comes from the British Business Bank’s Enterprise Capital Funds (ECF) programme, which combines private and public money to make equity investments in high growth businesses. Since inception, around £1.14bn (including third party investment) has been committed through the programme. The ECF programme is a significant part of the UK venture capital industry, […]

3 February 2018

MULTI-MILLION PACKAGE OF SUPPORT FOR LENDING TO SMALL BUSINESSES AND WORKERS AFFECTED BY CARILLION LIQUIDATION

British Business Bank to support up to £100 million of lending to small businesses through its delivery partners UK Finance confirms an additional multi-million-pound package for SMEs and extra help for customers concerned about their mortgage or credit card payments Industry and government continue to work together to ensure businesses and workers are supported following […]

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 […]