News 22 November 2021 Edge Investments’ first-close at £85 million of target £100m to invest in the creative economy Create the Future backs category leaders in the creative economy to drive social mobility Edge Investments – a leading investor in the future of creativity – has raised £85m in its second venture fund; Edge’s Create the Future is targeting a final close at £100 million. The British Business Bank, the cornerstone investor in the […] 27 October 2021 Spending Review and Autumn Budget 2021: British Business Bank Response Catherine Lewis La Torre, Chief Executive, British Business Bank, said: “The package the Chancellor has announced today enables us to build on our range of programmes to support sustainable economic growth by increasing the supply, diversity and demand for finance for UK smaller businesses. “We welcome the provision of this funding to deliver our expanded […] 25 October 2021 Recovery Loan Scheme offers over £1bn to smaller businesses £1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a […] 21 October 2021 Form Ventures closes £30m Fund II to help game-changing startups navigate public policy Form Ventures today announces final close of a £30m ($39m) Fund II at its target fund size. Form invests in startups at pre seed and seed stage in sectors directly shaped by policy and regulation, and helps founders build game-changing businesses while managing the complexity that comes with being on government’s radar. The fund has […] 20 October 2021 Smaller businesses responsible for around half of all UK greenhouse gas emissions from businesses, British Business Bank research reveals Smaller businesses account for around half (50%) of UK business-driven emissions, the same proportion as larger businesses Awareness of net zero is becoming significant (at nearly 60%), although only around half of smaller businesses say decarbonisation or reducing environmental impacts is a near-term priority 35% of smaller businesses state cost as a barrier for reducing […] 7 October 2021 External finance now used by four in ten businesses across the UK, but a lack of local investors leads to wasted economic potential London, the South East, the North West and the East of England account for 86% of equity deals despite hosting just 55% of businesses Distance matters – in 82% of equity investment stakes between 2011 and 2020, the investor and company are within two hours of each other; 61% are within one hour of each […] 7 October 2021 Catherine Lewis La Torre, CEO of British Business Bank named one of this year’s Women to Watch British Business Bank Chief Executive Catherine Lewis La Torre has been named a ‘woman to watch’ in the annual list compiled by Cranfield School of Management. Launched alongside the Female FTSE Board Report, which provides an annual analysis of women on the boards of FTSE 350 companies, the Women to Watch 2021 is intended to […] 27 September 2021 ThinCats to provide up to £300 million additional funding for UK businesses through British Business Bank’s ENABLE Guarantee programme ThinCats, a leading alternative lender, will utilise a guarantee provided by the British Business Bank’s ENABLE Guarantee programme to deploy significant new funding capital. Citi, a multinational investment bank and financial services corporation, will provide ThinCats with a senior warehouse facility. This, allied to the guarantee provided under ENABLE, will support ThinCats in its efforts […] 22 September 2021 British Business Bank managing £89bn of finance support to 1.77m businesses, up from £8bn in 2020, with an above target adjusted return of 14.6% Catherine Lewis La Torre, CEO, British Business Bank, said: “Throughout 2020/21, in response to the pandemic the British Business Bank performed a role vital to the UK government, finance markets and the economy as a whole. “Our financial support to smaller businesses has increased by more than £80bn during the last financial year, and now […] 14 September 2021 British Business Bank publishes names of the companies in which Future Fund has a shareholding Today the British Business Bank publishes a list of 158 companies in which the Future Fund holds an equity stake. Launched on 20 May 2020, and open for applications until 31 January 2021, the Future Fund issued 1,190 innovative companies with Convertible Loan Agreements worth £1.14bn. Third-party investors were required to at least match the […] 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). 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