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Annual Report and Accounts 2020

Supporting smaller businesses across the UK

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We make finance markets work better so smaller businesses across the UK can prosper and grow.

Our objectives

Driving economic growth

The British Business Bank’s mission is to help drive economic growth by making finance markets work better for smaller businesses – wherever they are in the UK and wherever they are on their business journey – enabling them to prosper and grow.

BBB KPI Icon Supply of Finance RGB

Increase the supply of finance

To increase the supply of finance to smaller businesses where markets don’t work well.

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Help increase diversity of finance

To help create a more diverse finance market for smaller businesses, with greater choice of options and providers.

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Address regional imbalances in access to finance

To identify and help to reduce regional imbalances in access to finance for smaller businesses across the UK.

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Encourage and enable SMEs to find appropriate finance

To encourage and enable smaller businesses to seek the finance best suited to their needs.

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To be the centre of expertise on smaller business finance in the UK

providing advice and support to government.

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To achieve our other objectives whilst managing taxpayers’ money efficiently

within a robust risk management framework.

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BBB AR 2020 Case study Images Seaweed Co
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Case study

Seaweed & Co.

Based in North Shields, Seaweed & Co. supplies food and nutrition manufacturers with a range of seaweed products sourced exclusively from the Outer Hebrides.

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BBB AR 2020 Case study Images Clinical Design Tech
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Case study

Clinical Design Technologies

Clinical Design Technologies received equity investment from The FSE Group, through the Cornwall and Isles of Scilly Investment Fund, to promote its Urine Testing System technology.

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BBB AR 2020 Case study Images Mitchs Kitchen
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Case study

Mitch’s Kitchen

The Hampshire-based online shop delivers home-cooked frozen vegan meals across the UK. The venture has also extended its business model to offer vegetable boxes to those self-isolating during Covid-19.

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