Ministers call in HSBC, Natwest and Lloyds bosses for small business lending talks May 6, 2025 Top bank bosses were summoned for talks with ministers on Tuesday after a government report revealed that small businesses were having difficulty securing loans. Senior executives from HSBC, Natwest and Lloyds will be in attendance for the meeting, which will be chaired by minister for small business Gareth Thomas. A report from the Department of [...]
Reeves unveils £500m support for tariff-affected small businesses April 13, 2025 Chancellor Rachel Reeves has launched a £500m plan to smaller businesses affected by US president Donald Trump’s tariffs. Run by the British Business Bank, the Growth Guarantee Scheme will now provide additional lending capacity for firms that will need support with cashflow issues due to changes in tariffs. Lending up to £2m per business group, [...]
Retail start-up loans rise as entrepreneurs defy UK high street gloom February 5, 2025 Start-up loans for retail businesses rose by a fifth last December, with entrepreneurs still determined despite the gloom surrounding the sector, according to new figures. In December 2023, 32 loans were provided to retail business owners. In December 2024, this rose to 39, an increase of 22 per cent, according to The British Business Bank. [...]
British Business Bank posts second straight loss as tech valuations struggle August 8, 2024 State-owned lender the British Business Bank has recorded a second straight annual loss as a decline in start-up valuations weighed on its financial performance.
13books Capital raises £121m for fintech venture capital fund July 17, 2024 13books Capital focuses on early-stage fintech companies catering to the increasing digitisation of the financial services industry.
UK surpasses India as world’s third-largest venture capital market July 11, 2024 The UK has leapfrogged India to become the world's third-biggest venture capital market, new figures show, as analysts forecast a return to growth after a drop-off in investment and dealmaking in recent years.
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
British Patient Capital invests £90m London biotech company July 8, 2024 British Patient Capital recently also invested £10m into biotech firm Curve Therapeutics to support its cancer drug discovery technology.
Why pension trustees need to embrace a ‘win-win’ and back British firms May 16, 2024 Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.
British Patient Capital invests over £40m to boost UK cyber security firms April 25, 2024 The UK's cyber security industry is currently in high demand due to a rise in attacks, especially on businesses and high-income charities.