BRITISH BUSINESS BANK RESEARCH SHOWS £3.5BN OF INVESTMENT INTO UK SMALLER BUSINESSES

May 25 2016.

- British Business Bank annual Equity Tracker Report highlights fourth consecutive year of growth in equity investment for smaller business

- Report highlights regional disparities and evidence of softening in the market in the latter part of 2015

- British Business Bank continues to expand its equity interventions through Northern Powerhouse and Midlands Engine regional funding programmes


British Business Bank has today published its second annual Equity Tracker Report. The report is an in-depth study investigating equity investment into UK smaller businesses in 2015, undertaken in partnership with Beauhurst, a leading UK data provider on UK high growth start-up and scale-up companies.
 
 
NEW AIR FORCE ONE FROM SPADA
May 25 2016.

Spada Clothing has introduced the Air Force One, a casual bomber jacket styled riding jacket with some high-tack...
  LAUNCH OF FULLY ELECTRIC BRINCO RANGE IN NEW LONDON SHOWROOM
May 25 2016.

Bultaco continues to expand its European retail network with the opening of the first showroom in London. The...
  STANDARD REPLACEMENT CARBS FROM VE
May 25 2016.

OE replacement carburettors can be costly to purchase direct from the manufacturer, but VE (UK) has cost-effective...
  GAERNE BOOTS FOR KIDS IN STOCK AT MRS
May 24 2016

Malcolm Rathmell Sport has the new Gaerne SGJs in stock now in Red/White/Blue and Fluorescent Yellow/Black.
  OVERDRAFTS FALL BY THE WAYSIDE FOR SMALL BUSINESSES
May 24 2016.

The value of lending to small businesses via overdrafts is falling by £100 million a month as small as SME bank...
 
   
 
News Story
BRITISH BUSINESS BANK LAUNCHES INITIAL PHASE OF 'HELP TO GROW'

OVER 100 BIKES LINED UP FOR SECOND 2016 BCA MOTORCYCLE SUPERSALE

NAVIGATOR TXB FROM TEXA

HJC RPHA 11 DARTER HELMET IN STOCK AT OXFORD

INTERMOT CUSTOMISED PRESENTS THE CUSTOM BIKE SHOW AT THE HARLEY DOME COLOGNE

NEW AKRAPOVIC AND GILLES RANGES FROM PERFORMANCE PARTS

TOP BRAND SCOOTER TYRES FROM VE

BANKS MUST DO MORE TO HELP SMALL FIRMS

RIDE TO WORK WEEK CAMPAIGNS TAKE SHAPE

970 SERIES PIGGYBACK SHOCKS FOR INDIAN SCOUT

NEW £5 POLYMER NOTE

OXFORD'S NEW CARGO PANT

CAMPAIGN CALLS ON YOUNG PEOPLE TO KICK-START CAREER WITH AN APPRENTICESHIP

WHY AREN'T POLITICIANS ASKING THE RIGHT QUESTIONS ABOUT SME FUNDING?

WMD ON THE CHARGE

Click here for older news »
 
 
Please select an archived story from the left.
BRITISH BUSINESS BANK LAUNCHES INITIAL PHASE OF 'HELP TO GROW'

May 24 2016.

The British Business Bank has launched the initial phase of Help to Grow, which is expected to support around £200m of growth loans in its first two years. The Prime Minister announced the programme in February 2015.


The first £30m tranche of lending supported by Help to Grow will be available to [stop]growing businesses through Lloyds Banking Group.

Loans of up to £2 million will support the development of new products and processes, stimulate research and innovation and help businesses target new export markets.

The lending will be available to businesses across all sectors, and is expected to benefit most those with high levels of innovation and growth ambition – such as manufacturing businesses, creative industries and the technology sector.

The initial phase of Help to Grow was increased from £100m to £200m in the Chancellor’s Budget in March 2016.

Keith Morgan, CEO, British Business Bank, said: “This first £30m of the British Business Bank’s Help to Grow programme will enable innovative and ambitious smaller businesses to raise the debt they need to fund their growth opportunities. It is an important milestone for the British Business Bank in our ambitions to encourage and support UK businesses to scale-up and achieve their potential.

“We want to replicate the drive and dynamism evident in the UKs start-up culture in later stages of the small business journey, and Help To Grow has a critical role to play in achieving that.

“We are pleased to announce our partnership with Lloyds Banking Group and to be working with the European Investment Fund to bring this vitally important finance to the UK market.”

The InnovFin counter-guarantee agreement between EIF and British Business Finance Limited (BBFL) for the initial £30m tranche of the ‘Help to Grow’ programme will enable BBFL to provide guarantees to Lloyds Banking Group on bank loans to innovative companies in the United Kingdom over the next two years.

The agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

Lenders wishing to apply for support from the Help to Grow programme can find out more HERE.


Cookie Policy