Accelerator Directory / British Business Bank Plc

Business Description

"The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. We don’t lend or invest directly. Instead we work with over 80 partners such as banks, leasing companies, venture capital funds and web-based platforms.

Businesses apply for finance through our partners, and because they work with us they can lend and invest more, especially to younger and faster growing companies.

In total we work through more than 90 finance partners in the market, and we will unlock up to £10 billion of new finance and bring greater choice and information on finance options to smaller businesses.

Our aim is to make finance markets work better for small businesses in the UK at all stages of their development: starting up, scaling up and staying ahead.

Our programmes are designed to bring benefits to smaller businesses that are start-ups, high growth, or simply viable but underfunded. We have a commercial arm, British Business Bank Investments Ltd, which makes investments into providers of finance to smaller business in the UK.

British Business Bank plc is the holding company of the group operating under the trading name of British Business Bank. It is a development bank wholly owned by HM Government which is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The British Business Bank operates under its own trading name through a number of subsidiaries, one of which is authorised and regulated by the FCA. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such."

Registered Address

Steel City House
West Street
Sheffield
S1 2GQ

Previous Names

NamePeriod
BRITISH BUSINESS BANK LIMITED 2013-07-18 - 2013-10-29

Key Data

Company Number
08616013
Type
Public Limited Company
Company Age
6 years
Incorporated
July 18, 2013
Status
Active
Nature of Business
64209 - Activities of other holding companies n.e.c.
Year End
March 31
Accounts Due
September 30, 2020
Latest Accounts
March 31, 2019

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