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 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
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
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
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
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
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
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
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
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
The UK British Business Bank has posted its Small Business Equity Tracker for 2024. The numbers aren’t so great compared to 2022, as investments in UK smaller firms tanked by 48% to £8.8 billion. The number of deals declined as well by 25% to 2152…. Read More
In her first speech as Chancellor, Rachel Reeves announced a new National Wealth Fund with an objective to invest in “new and growing industries.” The fund is also expected to “catalyse private sector investment.” It has been reported this new fund will be funded with £7.3 billion. At the… Read More
The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More
British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure. The original £100m transaction was announced in November 2023 – “supporting more than £140m of lending into the rural economy in less than six months.” The… Read More
The British Business Bank has agreed an £100m 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 original £100m transaction, announced in November 2023, and… Read More
The British Business Bank has posted new data for the third iteration of its Recovery Loan Scheme, which allows smaller firms to raise up to £2 million. Businesses can use the loans for any purpose, including cashflow management, investment, and growth. The terms of the… Read More
The British Business Bank has released a new report showing that 56% of smaller businesses in Northern Ireland are using external finance. The report, entitled, Northern Ireland SME Access to Finance Report, shares key insights about small businesses operating in the area. 📢Out today, our… Read More
British Business Investments announces a £15m facility to Catfoss Finance Limited. The transaction will be structured as “a block discounting agreement that will allow Catfoss to provide funding support to smaller businesses looking to acquire business-critical assets to accelerate their growth.” British Business Investments, a… Read More
The British Business Bank has appointed Kristen McLeod CBE as its new Chief Strategy Officer, effective from September 2024. Kristen joins the British Business Bank from HM Treasury, “where she has served as Advisor to the Chancellor of the Exchequer on Growth, Investment and Business… Read More
The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes… Read More
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