Tagged: louis taylor

March 7, 2024 @ 8:17 am By Omar Faridi  |  

In the latest Spring Budget, the Chancellor of the Exchequer Jeremy Hunt announced that, following a highly competitive bidding process, the British Business Bank intends to award “a total of £250m under the Long-Term Investment for Technology and Science initiative.” The Chancellor also announced “the… Read More

February 29, 2024 @ 8:09 am By Omar Faridi  |  

The British Business Bank is launching its £400 million Midlands Engine Investment Fund II, unlocking additional funding to help smaller businesses in the Midlands prosper and thrive. The fund will drive sustainable economic growth “by supporting new and growing businesses across the whole of the… Read More

January 22, 2024 @ 9:36 am By JD Alois  |  

  The British Business Bank says its Recovery Loan Scheme (RLS) has supported £1 billion of finance offers to smaller businesses since its launch in August 2022. Launched in 2014, the British Business Bank is the UK government’s economic development bank. The Recovery Loan Scheme… Read More

December 12, 2023 @ 8:22 am By Omar Faridi  |  

The British Business Bank, the UK’s economic development bank, has appointed Ian Connatty as its first Deputy Chief Investment Officer. This is in addition to his role “as Managing Director, Direct and Co-investment, British Patient Capital, a commercial subsidiary of the Bank.” The Deputy Chief… Read More

November 16, 2023 @ 11:22 am By Omar Faridi  |  

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More

November 13, 2023 @ 7:01 pm By JD Alois  |  

British Business Investments has posted full-year results for the period ending 31 March 2023.  In its ninth year of operation, British Business Investments reports aggregate commitments that now exceed £3.8 billion. The government-sponsored firm aims to improve access to alternative finance for smaller UK businesses…. Read More

September 25, 2023 @ 8:46 am By Omar Faridi  |  

British Business Bank is supporting more than £12.4bn of finance through its core programs and meets its objectives, but “reports a loss for 2022/23 due to falls in market valuations.” Louis Taylor, CEO, British Business Bank, said: “The British Business Bank has continued to build… Read More

June 9, 2023 @ 10:22 am By JD Alois  |  

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

May 29, 2023 @ 1:26 pm By Omar Faridi  |  

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

March 1, 2023 @ 1:00 am By JD Alois  |  

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

June 9, 2022 @ 9:24 am By JD Alois  |  

Louis Taylor will take over the reins of the British Business Bank as its new CEO beginning on October 1, 2022. The Bank is the UK’s economic development bank. Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Before joining… Read More