British Business Bank


British Business Bank makes £135m loss

The state-owned economic development bank expects pressure to remain on its portfolio valuations over the next 12 to 18 months


British Business Bank wants to back more scale-ups 

The bank’s new chief executive says he would like to see the bank plug a funding gap for scale-ups looking for £50m and more


Future Fund backed ‘zombie businesses’

British Business Bank director Dharmash Mistry warned in June last year that businesses in the scheme had a ‘limited chance of growth to a sufficient scale for success’


Future Fund now has stakes in 400 UK start-ups

The government takes equity in 400 companies after providing £1.14bn in Covid loans


Concept Ventures launches UK’s largest pre-seed fund

The £50m fund will back over 60 start-ups over four years, writing cheques of up to £600,000


Equity investment in small UK businesses hit record in 2021

Equity investment in small UK businesses almost doubled in 2021, hitting a record £18.1bn across 2,616 deals


Career Moves June 6 to June 10 – a Growth Business round-up

Movers this week include a new CEO for the British Business Bank, a double acquisition from Sky and Virgin, and a new partner at Albion Capital


JamJar Investments launches £100m fund to back early-stage UK consumer brands

Founders of Innocent smoothies will look to make around 10 investments per year into early-stage consumer brands


British Business Bank chief executive to stand down

The bank, led by chair Lord Smith, is seeking a permanent replacement as Lord Agnew cites ‘colossal cock-ups’ in its handling over Covid loan scheme


Sure Valley closing £95m software fund to invest in 25 early-stage start-ups

Tech VC fund opening office in Manchester as it looks beyond London and the golden triangle for software investment opportunities

Private equity

Equity investment in small business hits record £9bn in 2020

Half of the money raised last year went to SMEs in the tech sector, highlighting split between tech businesses and the rest of the small business economy


Government should triple equity to invest in businesses to £30bn

Three former advisors to chancellors call on government to supercharge the amount of cash available to invest in high-growth businesses to £30bn