Tagged: british business bank

British Business Bank Tops £5 Billion in Lending ENABLE Program

The British Business Bank has surpassed £5 billion of lending across its guarantee programmes, ENABLE Guarantees and ENABLE Build. The bank noted that much of the funding was for firms based outside of London. The ENABLE program is designed to encourage additional lending to SMEs… Read More

British Business Bank’s Arm BBB Investment Services to Offer Investment Services

The Financial Conduct Authority has granted regulatory approval to BBB Investment Services Limited, the British Business Bank’s third-party arm, to provide investment services to clients. This is reportedly an important first regulatory step in the preparation for launch of the British Growth Partnership. Announced at… Read More

Creative Growth Finance Accredited as Delivery Partner Under British Business Bank Growth Guarantee Scheme

The British Business Bank announces the accreditation of Creative Growth Finance as a delivery partner under the Growth Guarantee Scheme. Creative Growth Finance (CGF) is Creative UK’s specialist £35m debt fund, which provides growth capital “to high-potential smaller businesses in the UK’s creative sector.” The… Read More

British Business Bank Agrees to New Facility with BFS Marine Finance

The British Business Bank has agreed a new facility with BFS Marine Finance, designed to increase the flow of finance to smaller businesses within the commercial marine sector. The structured finance facility of up to £20m will “allow BFS Marine Finance to provide secured financing… Read More

British Business Bank Commits £100 Million Guarantee with Cynergy Bank

The British Business Bank has committed to an ENABLE Guarantee transaction of up to £100 million with Cynergy Bank PLC. The goal is to support its asset-based lending arm Cynergy Business Finance Limited expand its lending to UK small businesses. Cynergy offers invoice based lending… Read More

British Business Bank Funds £30 Million for THENA Capital’s Medtech Fund

The British Business Bank has committed up to £30 million to THENA Capital’s inaugural UK MedTech Fund. The fund reportedly has held its first close at £27 million with commitments from Firebird Collective, This Day Foundation, Baroness Martha Lane Fox, and other individuals. The fund… Read More

British Business Bank’s 2024/25 Report Shows Growing Specialty Lender Market Share

The British Business Bank’s Small Business Finance Markets 2024/25 report, published this week, finds that challenger and specialist banks’ share of gross lending is the highest on record – accounting for 60% and outperforming the UK’s big five banks. The report also finds that business… Read More

Oxbury Bank Receives £100M British Business Bank Top-Up

The British Business Bank has agreed to a further £100 million increase to its existing ENABLE Guarantee transaction with leading Fintech Oxbury Bank, a UK bank with a singular focus on farmers, food production and the rural economy. The ENABLE Guarantee program encourages additional lending… Read More

British Business Investments Provides £25 Million to Specialty Lender Shire

British Business Investments will provide £25 Million to Shire Leasing and Shire Securities. The goal is to support smaller firms, specifically in the agriculture, business services, manufacturing, and construction sectors. The British Business Bank stated that it has had a successful operating relationship with Shire… Read More

Funding Circle UK and British Business Bank Mark 10 Years of Supporting SMEs

Supporting smaller businesses in the UK is crucial because they are the backbone of the nation’s economy, contributing significantly to employment, innovation, and regional development. That’s why Funding Circle UK are pleased to have played a part in this effort through a key partnership. Together,… Read More

Simply Asset Finance Welcomes £175M Top-Up From British Business Bank

The British Business Bank increased its ENABLE Funding commitment to Simply Asset Finance, a UK independent asset finance provider. It allows Simply Asset Finance to provide more than £175 million of finance to smaller businesses across the UK. A portion of the funding has been… Read More

The British Business Bank Pursues Social Impact with ENABLE Funding Program

The British Business Bank says it has launched the ENABLE Funding (CEF) program that aims to increase funding to the social impact sector. The Bank states that the initiative is primarily seeks to assist Community Development Financial Institutions (CDFIs), and is expected to provide a… Read More

British Business Bank Updates on Growth Guarantee Scheme

The British Business Bank reports that its Growth Guarantee Scheme has now supported more than £250 million of finance to smaller firms. The plan is the successor to the Recovery Loan Scheme. The program provides access to various products like term loans, asset financing, and… Read More

British Business Bank Selects New CIO

The British Business Bank has appointed Leandros Kalisperas as its first Chief Investment Officer, according to a statement issued by the Bank. Ian Connatty, who has been appointed Managing Partner of BBB Patient Capital Advisory Services, is currently the Deputy Chief Investment Officer of the… Read More

UK VC Report: Performance Declined in 2023-2024, Matching Europe, US

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

British Business Bank Comments on Labour Government Announcements. New British Growth Partnership Coming

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

Outward VC Closes £51M Fund, British Business Bank Leads Way With £30M

This week, London-based investment firm Outward VC announced the first closing, at £51 million, of its Fund II. The fund received a £30 million investment from the British Business Bank, which is deploying capital through its Enterprise Capital Funds program. Several private investors also participated…. Read More

British Business Bank Reports Unrealized Loss Due to Valuations, Plans £2.3 Billion for Smaller Firms

The British Business Bank has issued a statement committing to providing £2.3 for smaller UK businesses—a record amount. At the same time, the group has posted an “unrealized loss” as valuations in long-term investments have declined. The loss for 2023/2024 stands at £122 million. The Bank… Read More

British Business Bank’s Future Fund Discloses Equity Interest in 711 Companies, Total Value £708M

This week, the British Business Bank disclosed 10 additional companies in which the Future Fund holds an equity interest. That gives them an equity interest in 711 companies with a total investment of £708 million as of June 30. That’s one company less than in… Read More

British Business Bank Announces First Deal from the Midlands Engine Investment Fund II

Midlands Engine Investment Fund II has announced its first major equity deal. Aircraft robotics firm True Position Robotics has raised £1 million to support business expansion. The British Business Bank has announced the first deal from the Midlands Engine Investment Fund II “with a £1… Read More

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