We make finance markets work better so smaller businesses across the UK can prosper and grow.
98,000
businesses supported at 31 March 2020
£8bn
stock of finance supported, at 31 March 2020
23,000
downloads of our reports
25%
year-on-year increase in visitors to our smaller business-facing finance information websites, to 2.3m
Chair’s statement
Adapting to deliver more for smaller businesses
The British Business Bank’s mission has always been to make finance markets work better so that smaller businesses across the UK can prosper and grow.
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Chief Executive’s statement
Responding with agility, delivering at pace and scale
The British Business Bank is an organisation that has innovation, adaptability and an understanding of smaller businesses at its core. These strengths were brought into sharp focus by our response to the coronavirus pandemic.
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Outgoing Chief Executive’s statement
Enhancing capabilities, delivering effectively
From the start, we built flexibility into the design of the British Business Bank which has served us well over the last year.
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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.
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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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.
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.
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.
Corporate governance
Risk management and internal control
British Business Bank plc is committed to ensuring the best standards of corporate governance and is supported in this by the Board of Directors and Board Committees.
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Corporate governance statement
The British Business Bank constitution consists of its Articles of Association and a Shareholder Relationship Framework Document between the British Business Bank and the Department for Business, Energy and Industrial Strategy (BEIS).
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