British Business Bank names top civil servant Kristen McLeod CBE as new chief strategy officer
McLeod will oversee the bank’s policy, strategy, and economics teams.
British Business Bank
British Business Bank launches new £660m Northern Powerhouse Investment Fund II
Over £1bn of investment has been facilitated to businesses since the launch of the first NPIF in 2017.
UK agriculture-focused challenger Oxbury Bank lands £100m from British Business Bank
Oxbury Bank provides flexible lending and asset finance solutions specifically for the needs of farming businesses.
UK alternative lender ThinCats secures nearly £700m in funding facility
The new facility will help ThinCats support lending of up to £696 million to mid-sized businesses in the UK.
Cambridge & Counties Bank secures £20m Tier 2 facility from British Business Investments
With the fresh facility, Cambridge & Counties Bank aims to increase its volume of lending to small businesses.
Cynergy Bank lands £20m funding from British Business Investments
The bank plans to facilitate more than £250m in new-to-bank lending across the SME and property sectors.
British Business Bank backs SME-focused lender Simply with £300m funding line boost
Simply has provided £650 million worth of support to businesses since it was founded in April 2017.
MarketFinance lands £280m and COVID recovery approval
Business fintech MarketFinance says it is ready to support UK pandemic recovery efforts.
British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
British Business Bank launches £375m scheme for tech start-ups
The Future Fund: Breakthrough scheme follows on from its now-closed predecessor.
British Business Bank extends CBILS deadline
Firms have two months to consider the cases, making the final approval on 30 November.
Six new lenders accredited for UK CBILS
There are now 99 CBILS accredited lenders.
British Business Bank appoints interim CEO, accredits 10 more firms
Catherine Lewis La Torre starts on 1 September.
UK banks see surge of interest in Bounce Back Loans Scheme
In the first minute after 9am, Barclays had received 200 applications.
British Business Bank approves another four lenders for CBILS
These new joiners can lend between £10,000 and £5 million to small businesses.
Four new UK lenders get approved to issue coronavirus business loans
These lenders are yet to set a date by which they can start accepting CBILS applications.
UK tech gets £2.5bn injection
Government hopes British Patient Capital programme will be right medicine.
Fintech funding round-up: 21 June 2017
Some people have got deep pockets, because the funding fun never ends. Our latest round-up features Soldo, Atom Bank, British Business Bank, BlackRock and Scalable Capital. Multi-user spending account, Soldo, has reported a Series A funding round of $11 million, led by Accel and includes participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. […]
British Business Bank pledges £400m to UK fintechs and other businesses
The UK Chancellor Philip Hammond has announced a plan to invest £400 million of venture capital funds into the British Business Bank, a government vehicle to lend money to British businesses. The idea is to support the home-grown business sector – including fintech firms – and to prevent them from being snapped up by international companies.
