WHAT THEY DO
Their aim is to make finance markets work better for small businesses in the UK at all stages of their development: starting up, scaling up and staying ahead.
THEIR OBJECTIVES
The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. They don’t lend or invest directly. Instead they work with over 100 partners such as banks, leasing companies, venture capital funds and web-based platforms.
Businesses apply for finance through their partners who, because they work with us, can lend and invest more, especially to younger and faster growing companies.
In total they work through more than 100 finance partners in the market, and they will unlock up to £10 billion of new finance and bring greater choice and information on finance options to smaller businesses.
Their work and corporate culture is driven and supported by their organisation’s values:
Their programmes are designed to bring benefits to smaller businesses that are start-ups, high growth, or simply viable but underfunded. They have two commercial subsidiaries, British Business Investments Ltd and British Patient Capital Ltd, which make commercial investments into providers of finance to smaller business in the UK.
They are creating the opportunity for smaller businesses to invest and grow, creating additional jobs and economic activity.