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The Latest Breaking News from the British Business Bank

Was the Future Fund a failure? It's too early to tell

City Voices: With close to 700 companies in which the fund now holds shares, it only takes one to have made the whole thing a success

Evening Standard

Government to invest £20m helping universities turn research into businesses

The funding is intended to support the ‘next generation’ of university ‘spin-outs’.

The Independent UK

£70m investment fund announced for small businesses in Northern Ireland

The fund will support businesses from all sectors and aims to target start-ups that may have struggled to access finance elsewhere.

The Independent UK

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read the most diverse news in one place.

UK removes state guarantees from almost £1bn in Covid loans

Decision on scheme run by British Business Bank pushes losses on to banks if borrowers fail to repay

The Guardian - UK

Sunak’s Covid startup fund invested nearly £2m in firms linked to his wife

Four businesses linked to Akshata Murty revealed to have received investment from much-criticised Future Fund

The Guardian - UK

New UK banks’ post-Brexit investment only one third of lost EU funds

Exclusive: Thinktank says replacements for European Investment Bank have backed ‘fewer, smaller and lower-risk projects’

The Guardian - UK

Development Bank of Wales subsidiary to manage new £19m debt fund in the South West of England

Its subsidiary FW Capital has won the fund management contract for part of the British Business Bank's new £200m South West Investment Fund

Birmingham Post

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Big Interview: British Business Bank launches South West Investment Fund

BusinessLive spoke with chief executive Louis Taylor about how this will work across the different counties of the South West

Birmingham Post

British Business Bank funding to start-ups in Wales exceeds £45m

It has made 4,500 loans in Wales under from its Start Up Loans programme since its launch in 2012

Birmingham Post

The Cornwall & Isles of Scilly Investment Fund hits £100m milestone

The Cornwall & Isles of Scilly Investment Fund has supported more than 55 businesses since its launch in 2018

Birmingham Post

British Business Bank throws support behind women-led angel investment syndicate

Women of Wales invests equity into companies with female founders and co-founders

Birmingham Post

Fresh £400m Midlands Engine Investment Fund set for 2024 launch

MEIF II will have three tiers – smaller loans of £25,000-£100,000, debt of £100,000-£2 million and equity up to £5 million

Birmingham Post

£660m new Northern Powerhouse Investment Fund to launch next year

Call goes out to fund managers

Birmingham Post

Number of equity deals for Welsh SMEs up but their value fall

The British Business Bank has published its latest Small Business Equity Tracker

Birmingham Post

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Birmingham Post

Exeter University commits to supporting female entrepreneurial activity

The university will be the first to sign the Investing in Women Code led by the British Business Bank and Department for Business and Trade

Birmingham Post

Private equity investors Foresight Group launch Newcastle office amid £20m addition to regional fund

Foresight's North East Fund has secured funding from the British Business Bank

Birmingham Post

SWIG Finance named 'business support partner' for British Business Bank scheme

SWIG Finance, which has offices in Truro, Exeter and Bristol, will work with Start Up Loans, part of the British Business Bank

Birmingham Post

Software business Intelligent AI to create new jobs following investment boost

The company said it would use the funds to set up a new base in Cornwall and create jobs

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Insider UK

Entrepreneurs open Glasgow's first flotation centre

The start-up bought four flotation pods after receiving a £50,000 loan from the British Business Bank

Birmingham Post

The latest equity deals and investment news in Wales

Deals include fundraising for Creo Medical, Coincover and CanSense with fund managers invited to bid for the British Business Bank's new £130m fund for Wales.

People

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