Latest news

21 September 2017

View our Annual Report for 2016-17

Highlights for the full year to 31 March 2017: Gross annual income of £60.5m, delivering a pre-tax profit of £55.1m – an increase of 37% on the year end 31 March 2016 Gross return on average capital for the year was 7.4%, or 6.7% net of costs – both ahead of benchmark targets Total dividend […]

21 September 2017

BRITISH BUSINESS INVESTMENTS – FULL YEAR RESULTS FOR THE PERIOD ENDING 31 MARCH 2017

British Business Investments, the commercial arm of British Business Bank plc, today announces its annual results for the period to 31 March 2017. The results demonstrate significant growth in gross annual income and pre-tax profits (£60.5m and £55.1m respectively). The gross return on average capital employed for the period (7.4%, or 6.7% net of costs) […]

3 August 2017

British Business Bank Investments Ltd commits €40 million in first closing for Harbert European Growth Capital Fund II.

This second European Growth Capital Fund will allow Harbert to expand its lending of venture debt finance to fast growing, innovative, technology-focused SMEs – particularly those backed by venture capital firms. The funding is being provided under British Business Bank Investment Ltd’s Investment Programme, which has so far committed over £615m to providers of finance […]

10 July 2017

GCP caps a successful year with a £40m investment from British Business Bank Investments Ltd to complete the final close of Fund IV at £205m

The Fund exceeded its target of £200m with commitments from a diverse investor base of U.K., European and U.S. institutional investors, including public pension funds, insurance companies and investment management groups. Existing investors showed strong continued support, with 80% making further investments, and six new UK and European investors have also been welcomed into the […]

29 June 2017

BOOST&Co Limited secures additional £20m commitment from British Business Bank Investments Ltd for its Industrial Lending 1 fund  

BOOST&Co’s Industrial Lending 1 fund provides venture debt loans of between £2m and £8m to innovative, fast growing companies looking to scale-up. These loans are available to early stage technology startups which have an established business model and can support their rapid growth prospects. To date, the fund has made total commitments of £100m, with […]

21 April 2017

British Business Bank Investments Ltd provides £6.6m of funding to Shire Leasing to boost asset finance for smaller businesses

British Business Bank Investments Ltd, the British Business Bank’s commercial arm, today announces that it is providing £6.6m of new mezzanine funding to Tamworth-based Shire Leasing. The new facility is being provided under the commercial arm’s Investment Programme, which addresses long-standing gaps in the finance market for smaller business and promotes greater choice in their […]

2 February 2017

Beechbrook Capital closes £150m UK SME Credit I and backs two more businesses

Beechbrook Capital UK SME Credit I, which backs small and medium-sized businesses in the UK with a turnover of between £10m and £100m and EBITDA of more than £1m, has attracted investors from across the UK, Continental Europe and North America. Nick Fenn, Beechbrook managing partner, commented: “We are delighted that investors continue to see […]

18 January 2017

British Business Bank Investments Ltd makes £400m from Autumn Statement available to venture capital funds

The £400m, announced by the Chancellor in November, will be used to continue the Bank’s established VC Catalyst programme. This additional funding represents a major expansion for the programme, which addresses gaps in the UK’s venture capital investor base. The enlarged VC Catalyst programme primarily supports VC funds that invest in technology companies. It is […]

5 January 2017

British Business Bank expands partnership with Funding Circle

The news follows the success of the programme to date, where more than 10,000 businesses across the country have benefitted from £60m of government lending through Funding Circle, creating an estimated 30,000 new jobs (according to research carried out for Funding Circle by the Centre for Economics and Business Research (CEBR) in August 2016).* Over […]

20 September 2016

British Business Bank Investments Ltd – Full Year results for the period end 31 March 2016

Sheffield and London: British Business Bank Investments Ltd, the commercial arm of British Business Bank plc, today announces its annual results for the period to 31 March 2016. British Business Bank Investments Ltd invests in small business finance providers, generating an attractive commercial return on investment for the UK taxpayer and improving the finance markets […]

13 September 2016

British Business Bank Investments Ltd commits £18m to northwest-based asset finance provider, enabling a £36m boost to smaller business growth

British Business Bank Investments Ltd today announces an £18m investment in Blackburn and Manchester-based Praetura Asset Finance. The investment, comprising £15m of matched funding and an additional £3m of expansion capital, will support at least £36m of smaller business finance. This is the first British Business Bank Investments Ltd transaction to combine matched and unmatched […]

20 July 2016

British Business Bank Investments Ltd provides £16.5m line to Northwest asset finance provider Kingsway under new expansion capital initiative

The first transaction is a £16.5 million revolving credit facility for Kingsway, a Cheshire-based asset finance specialist. It is expected to increase Kingsway’s leasing capacity by up to £25m, supporting investment in plant and machinery across the UK. The expansion capital initiative, developed as part of our Investment Programme, enables us to support the development […]

17 May 2016

British Business Bank Investments Ltd invests in Frog Capital II

British Business Bank Investments Ltd today announces that its Venture Capital Catalyst Fund has invested €9m in Frog Capital II, a €90m European Growth Capital Fund. The Fund will invest in up to eight ambitious high-growth technology businesses across the UK and Europe. It builds on Frog Capital’s existing portfolio, which includes Azimo, a leading […]

31 March 2016

British Business Bank Investments Ltd invests in Atlantic Bridge III, a new €140 million fund for Technology companies

Atlantic Bridge III will invest in up to 20 companies and will focus on scaling businesses in the UK, Ireland and across Europe in high growth enterprise technology sectors including cloud, big data, augmented and virtual reality software, robotics and internet of things. The investment from British Business Bank Investments will help Atlantic Bridge scale […]

10 March 2016

British Business Bank Investments Limited publishes half year results for the six months ended 30 Sept 2015

British Business Bank Investments Limited, the commercial arm of the British Business Bank, today announces its half year results for the period to 30 September 2015. British Business Bank Investments Limited invests in small business finance providers, generating a return on investment and improving the finance markets for smaller businesses. Highlights for the six-month period […]

19 February 2016

British Business Bank Investments agrees £25m facility with Haydock Finance

Facility will allow Blackburn-based Haydock Finance Ltd to grow its asset finance division, which has already funded over 2,000 smaller businesses. British Business Bank Investments Limited, the commercial arm of the British Business Bank, today announces that it has agreed to provide a £25 million facility to Haydock Finance Ltd, one of the largest independent […]

19 January 2016

British Business Bank Investments Ltd invests in new UK Private Debt Fund from Muzinich & Co

New fund offers investors access to emerging asset class, lending to small and mid-sized companies in the UK, including the North West British Business Bank Investments Limited, the commercial arm of the government-owned British Business Bank, has invested £30 million as part of its Investment Programme. Muzinich & Co, an institutional asset manager specialising in […]

29 October 2015

British Business Bank’s commercial arm supports UK SMEs with investment in Shawbrook Bank

British Business Bank Investments Ltd today announces its investment in specialist lender Shawbrook Group plc’s £75 million Tier 2 note issuance, demonstrating its continued commitment to improving access to capital for UK SMEs. Funds raised from the issue, which was completed yesterday, will enable Shawbrook Bank to increase its volume of lending to smaller businesses, […]

17 September 2015

British Business Bank’s VC Catalyst Fund invests in Nauta

London, Barcelona – Nauta Capital has completed the first close of its 2015 fund at $70 million, resulting in total assets under management (AUM) of $260 million. The final close is expected during the first half of 2016 with a total fund target ranging from $115 to 175 million. Nauta Capital, which has offices in […]

27 March 2015

British Business Bank Investments Limited makes €6m clean technology investment

British Business Bank Investments Limited, the commercial arm of the government-owned British Business Bank, is today announcing a €6m investment into WHEB’s new private equity fund, ‘Green Growth Fund 2’. The investment is provided through British Business Bank Investments Limited’s VC Catalyst Fund. The Fund enables private sector commitments to commercially-viable venture capital funds to […]

2 February 2015

British Business Bank Investments backs Northwest asset finance provider with £5m investment, introduces new expansion capital initiative

British Business Bank Investments Limited, the commercial arm of the British Business Bank, is investing £5 million in Kingsway, a Cheshire-based asset finance specialist. The investment is expected to increase Kingsway’s leasing capacity by up to £10 million. This investment is the latest in a series of commitments from British Business Bank Investments Limited in […]

31 October 2014

£80 million boost for leasing finance as British Business Bank focuses on alternative lending for smaller businesses

Leasing finance and asset finance are increasingly important sources of finance for small and medium-sized enterprises (SMEs). It allows them to invest in assets or equipment for growth which they would not have been able to afford otherwise. The British Business Bank’s investment is its first, structured as a block discounting facility and comprises £40 […]

2 September 2014

British Business Bank boosts European Capital UK SME fund to £100m to help provide debt finance to UK’s smaller businesses

  Total commitments under the British Business Bank Investment Programme now close to £200m, expected to facilitate up to £1 billion of total new lending The government-backed British Business Bank, set up with the aim of making finance markets for smaller businesses work better, has today announced that it is committing £50 million to European […]

6 August 2014

Making Britain the global centre of financial innovation – £100m extra for British Business Bank Investment Programme

The Chancellor today announced a series of measures to support the growth of the country’s emerging FinTech sector and encourage innovation in finance, including supporting alternative finance providers and exploring the potential of virtual currencies and digital money. Re-stating the government’s commitment to cement Britain’s position as the centre of global finance, the Chancellor declared […]

9 July 2013

Dawn Capital raises new fund with help from British Business Bank’s VC Catalyst fund

The VC Catalyst programme has enabled the fund to get to critical mass and make a first closing. Other investors include the European Investment Fund. Haakon Overli, general partner at Dawn Capital, says that part of the success in achieving a first close can be attributed to the firm’s existing portfolio companies which have showed, […]