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The Latest Breaking News from British Business Bank

British Business Bank returns to profit amid further investments

It is the first profit the bank has delivered since 2022 after the valuation of firms it invested in were impacted by challenging economic conditions.

The Independent UK

British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

Evening Standard

British Steel must now join the modern economy, not be a prisoner of the old

Lack of investment and vision has dogged UK industry, while China has literally forged ahead

The Guardian - UK

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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

State-owned British Business Bank reveals £147m annual loss

UK’s economic development bank says it was impacted by wider economic difficulties

The Independent UK

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

Edinburgh coffee shop finds success as they urge customers to ditch their tech

An Edinburgh coffee shop in the city centre has gone against the grain, encouraging customers to ditch their tech at their late night spot with a 'nightclub vibe'.

Edinburgh Live

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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

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

South West one of two regions to see increase in equity deals according to British Business Bank

The bank's annual Small Business Equity Tracker shows 155 equity deals completed in the region last year

Birmingham Post

Solicitor packs up city life to build Speyside holiday cabins

The career change venture has been funded by loans from British Business Bank and DSL Business Finance

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

Insider UK

Funder managers invited to bid to run new £130m investment fund for Wales

The fund from the British Business Bank will be made up of debt and equity elements

Birmingham Post

Small firms in Wales see big fall in securing external finance

New research from the British Business Bank shows a growth in zero carbon linked equity investment activity

Birmingham Post

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Insider UK

Scotland 'top outside London' for net zero deals

British Business Bank research finds that Scotland accounted for 14% of such equity deals from 2018 to the third quarter of 2022

Birmingham Post

Argentinian drones firm to open UK office in Cornwall, creating jobs

Robotics firm Uali supplies its AI-powered devices to firms in the oil, gas and sustainable energy sectors to provide data analysis and monitoring of large assets

Insider UK

British Business Bank CEO pledges £150m fund 'won't just target the central belt'

The fund, due to launch this summer, will be split up to invest in a range of sizes, sectors and regional areas of Scotland

Wales Online

One of Wales' best known shopping centres, Cardiff's Queen's Arcade, is in receivership

The Queens Arcade in the centre of Cardiff has been hit by falling rental income and footfall

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Birmingham Post

Queens Arcade in the centre of Cardiff in property receivership

The retail scheme has been hit by falling footfall and rental income but a new mixed-use development remains the plan

Birmingham Post

Vaughan Gething outlines his priorities for the Welsh economy

Apprenticeships and the foundational economy will be priorities

Insider UK

Taxpayer takes stakes in two Scottish scale-ups

After recent funding rounds, government loans have been converted to equity holdings

Birmingham Post

UK taxpayer stakes revealed in companies that recently raised over £12m

Also included in the updated list is Steama Company and The Lakes Distillery Company

Birmingham Post

Birmingham animation firm Second Homes Studios expanding on funding boost

Second Home Studios is creating 16 new jobs after securing a £250,000 debt funding package

Birmingham Post

Launch date for new £130m Wales fund from the British Business Bank

Chief executive of the British Business Bank Louis Taylor said the fund would help plug the equity gap in Wales

Nottingham Post

New jobs created as Wollaton takeaway and catering business gets £40,000 boost

Two new jobs have been created at All Flavaz Limited

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