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The Latest Breaking News from British Business Bank

Development Bank of Wales eyeing new British Business Bank funds

Chief executive Giles Thorley said funding to support decarbonisation of the Welsh economy is a key focus

Birmingham Post

British Business Bank appoints South West senior manager

The news comes ahead of the launch of a £200m investment fund by the bank in 2023

Birmingham Post

Hull tech firm raises £575,000 to deliver software to help meet post-Grenfell building rules

Bimsense secures significant further round of equity investment from new neighbour

Birmingham Post

From analysis to the latest developments in health,
read the most diverse news in one place.

Labour unveils funding shake-up to help turn UK into global startup hub

Party to give British Business Bank greater independence to raise capital in latest move to cement growing pro-business reputation

The Guardian - UK

Government bank only called in fraud squad after 80% of Covid loans had been handed out

Rishi Sunak is accused of failing to do enough to stop taxpayer cash being wasted after it emerged £1.1billion was lost to fraud and error from the bounce back loans scheme for small businesses

Daily Mirror

Welsh small firms greatest appetite in the UK to raise external finance but under performance on equity

On the number and value of equity deals Wales punches below its weight shows new research from the British Business Bank

Birmingham Post

Equity investment in Scotland’s smaller businesses rises despite economic headwinds

Report also finds that smaller businesses in deprived areas are being stifled by a lack of access to finance

Insider UK

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Glasgow-made cocktail Panther Milk creator sets sights on supermarket expansion

Fans of Glasgow-made cocktail Panther Milk could soon pick up a bottle of the bevy at their local supermarket as founder Paul Crawford prepares to take his creation to an even wider audience.

Glasgow Live

Panther M*lk ready to pounce on supermarket deals with new funding

The alcoholic oat milk start-up is planning a Series A fundraise next year

Insider UK

2022 Leicester Business Festival making an impact as it enters its second week

Leicester Giving Day will feature as the festival finale on Friday, November 18

Birmingham Post

People on the move: key North East appointments and promotions of the week

Companies featuring in this week's round-up include KPMG, the North East LEP, Silk Family Law and Seriös Group

Birmingham Post

£200m South West growth fund to launch next year

The fund is aimed at plugging a funding gap in the region and driving growth, according to the British Business Bank

Birmingham Post

British Business Bank appoints a new senior manager for Wales

Jess Phillips has joined the UK Government's economic development bank from Tramshed Tech

Birmingham Post

British Business Bank warns of risk of defaults on Covid support loans

Economic downturn could increase number of companies unable to repay loans including ‘bounceback loan scheme’

The Guardian - UK

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Insider UK

British Business Bank expands Scottish Start Up Loans programme

Financing now available to those that have been trading for up to three years

Birmingham Post

British Business Bank expands start up loans programme in Wales

First and second loans will be available to businesses that have been trading up to three or up to five years

Birmingham Post

Cornish drinks brand to create jobs after toasting major investment

Pentire Drinks’ range of low and non-alcoholic beverages has been championed by celebrity chefs and secured listings with high street giants

Birmingham Post

Wales must expand its thinking to seize growth funds offer

Businesses in Wales have received proportionally fewer grants from Innovate UK than would be expected

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Birmingham Post

Northern business group launches hub for would-be female investors

The Fund Her North initiative has already had success in attracting investment for a number of North East companies

Birmingham Post

Asset finance firm Propel boosted with new £500m financing round

The Newport-based firm is looking to accelerate asset lending to SMEs across the UK

Insider UK

Campervan business takes off with funding for pilot co-founders

Expansion plans boosted by £50,000 loan from Transmit Startups

Insider UK

Glaswegian entrepreneurs launch Portuguese-style bakery

New opening helped by a £40,000 loan from the British Business Bank

Birmingham Post

The 28 North West companies that are part-owned by the UK Government

The Future Fund was launched on May 20, 2020

Birmingham Post

The Welsh firms in which the UK Government has ownership stakes

The firms has converted debt to equity under the Westminster government's Future Fund

Evening Standard

British Business Bank backs £50 million fund for tech start-ups

The fund will support at least 60 startups over four years

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