Tagged: british business bank

British Business Investments Provides £30 Million to the Panoramic SME III Fund

British Business Investments says it has committed £30 million to the Panoramic SME III fund as part of a final close of £100m. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. Glasgow-based Panoramic was launched in 2008, becoming a top investor… Read More

The British Business Bank Increases ENABLE Guarantee by £75 Million to Lender DF Capital

The British Business Bank has announced an increase of £75 million to commercial lender DF Capital. This is an addition to an existing ENABLE Guarantee, which will see the facility increased to £250 million. The guarantee may be increased again at some point in the… Read More

British Business Bank Releases List of 591 Firms in which Future Fund has Equity Interest

The British Business Bank has published a list of 67 additional companies in which the Future Fund holds an equity interest, “taking total equity holdings to 591 as at 30 June 2023.” The rate of conversions in Q1 2023/4 increased “compared to the previous quarter,… Read More

British Business Bank Hires New Risk Officer

The British Business Bank has hired a new risk officer. Established in November 2014, the Bank is the UK government’s economic development bank aiming to drive growth and prosperity. The British Business Bank has selected Chantal Geall as its new Chief Risk Officer (CRO), effective from… Read More

British Business Bank to Aid Commercial Real Estate Sector with £75 Million ENABLE Guarantee with Cynergy Bank.

The British Business Bank has agreed to an initial £75 million ENABLE Guarantee with Cynergy Bank, according to a statement by the bank. The funds will guarantee a term loan portfolio of commercial real estate assets. There is an option to increase the amount to… Read More

British Business Bank Seeks Proposals to Deliver Long-Term Investment for Technology and Science Initiative

The British Business Bank announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry “for the establishment of new funds or investment structures to crowd in UK institutional investment,… Read More

British Business Investments Teams Up With CrowdProperty

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims “to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of a range of finance providers.” Since it was established in 2014, British… Read More

British Business Bank Reports that Challenger, Specialist Bank Lending Hit £35.5 Billion in 2022

New British Business Bank research indicates that challenger and specialist banks provided £35.5 billion in lending during 2022. This means that challenger/specialist banks garnered a 55% share of the market. One would expect that many of these financing platforms are Fintechs. The data is part… Read More

The UK Government Holds Equity Ownership in 515 Companies Backed by the Future Fund: British Business Bank

The UK government created the Future Fund to provide access to capital to early-stage firms which were most likely unable to access debt capital during the COVID-19 health crisis. The fear was that a generation of innovative young firms would disappear as markets contracted and… Read More

LendInvest, British Business Bank Partner on Building More Homes, Financed by HSBC

LendInvest (LSE:LINV) has announced a partnership with the British Business Bank to aid in the building of more homes, financed by HSBC, according to a note from the Fintech. LendInvest states that HSBC will provide £100 million for LendInvest’s development finance program. The project is… Read More

British Business Bank to Provide £175 Million ENABLE Guarantee for DF Capital

The British Business Bank has agreed to an initial £175 million “ENABLE Guarantee” for DF Capital, a subsidiary of Distribution Finance Capital Holdings plc. DF Capital received its banking license in September 2020. Headquartered in Manchester, DF Capital is a commercial lending and personal savings… Read More

British Business Bank Announces New Board Directors

The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as new non-executive Directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022, respectively. Jamieson was previously the Head of Audit at Goldman Sachs, where she led… Read More

British Business Bank Posts Updated of Equity Stakes in Future Fund Backed Firms

The British Business Bank has posted an updated list that includes new companies backed by the Future Fund, one of several schemes enacted to provide assistance to firms harmed by the COVID-19 health crisis. Created in 2014, The British Business Bank is the UK government’s… Read More

Finch Capital Receives €25 Million from British Patient Capital

British Patient Capital states that it has pledged €25 million to Finch Capital’s Europe Fund III. The Fund is now closed. Finch Capital is the UK and Netherlands-based VC firm. This Fund will focus on European Fintech firms that are deemed to have solid growth… Read More

UK’s Oxbury Bank, an AgTech-focused Firm, Acquires Additional Funding

Oxbury Bank – which claims to be the UK’s ‘first’ and ‘only’ AgTech bank – has secured £25 million in Tier 2 capital funding, with the investment made by British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. British Business Investments aims… Read More

British Business Bank Announces ENABLE Funding facility for Propel

The British Business Bank has announced a new ENABLE Funding facility to Propel, an independent asset finance provider. Propel was launched in 1996 to provide accessible finance to SMEs in the UK. Today, Propel has grown to become one of the UK’s largest independent finance… Read More

NPIF – Maven Equity Finance Invests £250K in Regtech RiskSmart

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

Judith Hartley Appointed CEO, British Business Investments

Judith Hartley has been appointed CEO of British Business Investments, which is one of the British Business Bank’s commercial subsidiaries. Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will “take up the permanent role of… Read More

Covid Born Recovery Loan Scheme Extended to Aid UK SMEs

Today, the UK government has announced that the Recovery Loan Scheme (RLS), launched in April 2021 to help businesses counter the COVID crippled economy, will be extended for a further two years. Originally set to end last December, during the Autumn Budget the government extended… Read More

British Business Bank: Small Business Equity Tracker Shows 88% Increase in 2021

The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data from Beauhurst on publicly announced equity deals into UK SMEs. According to the Bank, equity investments in… Read More

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