All the updated news related to british business bank

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Small business defaults a ‘danger’ to future returns, British Business Bank says

The state-owned British Business Bank has warned that its returns for the year ahead could take a hit if businesses default on loans amid the deteriorating economy. The bank, which helps small businesses access finance and administered the ...

28 Sept 2022 at 16:16

‘HMRC denied banks access to data that could have prevented Covid loans fraud’

The Government did not provide vital data that banks indicated might have let them prevent billions of pounds of fraudulent Covid loans, MPs have been told. Hannah Bernard, the head of business banking at Barclays, said her bank had asked ...

15 Mar 2022 at 16:25

Government must do everything in its power to reduce Covid loan fraud hit – MPs

The head of an influential group of MPs has said that the Government left the goal open to fraudsters when it designed the multibillion-pound support for businesses during the pandemic. Dame Meg Hillier, who chairs the Public Accounts ...

18 May 2022 at 01:25

Home

NWRC’S IDEATOR Awards set to reward entrepreneurial thinking

North West Regional College (NWRC) has launched a brand new competition with a prize pot of £4000, to inspire and reward entrepreneurial thinking and endeavours. The NWRC IDEATOR Awards are open to students in the college, recent ...

17 Nov 2022 at 14:33

City

Covid business loans ‘saved hundreds of thousands of jobs’

Three schemes that funnelled £78 billion to businesses around the UK during the coronavirus pandemic might have saved millions of jobs, a report has claimed. Researchers said anywhere between 500,000 and 2.9 million jobs might ...

14 Jun 2022 at 01:01

Government pays out £62m to cover fraudulent loans, officials reveal

Banks have found that £850 million was borrowed by fraudsters from a Government-backed loan scheme that was launched during the pandemic. The British Business Bank said that while estimates of fraud range into the billions, ...

27 Apr 2022 at 17:55

City

Government-funded loan scheme hits £1bn lending as 40% goes to female founders

A Government-backed loans scheme has hit £1 billion worth of lending, with more than half the funding going to small businesses run by women and ethnic minorities. The British Business Bank’s (BBB) Start Up Loans programme ...

13 Sept 2023 at 00:01

City

British Business Bank says ‘social benefit’ is high as it swings to yearly loss

The Government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147 million last year. The ...

25 Sept 2023 at 08:14

Northern Ireland

£70m investment fund announced for small businesses in Northern Ireland

A £70 million investment fund for small businesses in Northern Ireland has been announced by the British Business Bank. The fund will offer a range of commercial finance options with loans and equity stakes both ...

16 Nov 2023 at 00:01

City

Challenger bank lending to SMEs hits record high

Challenger and specialist banks lent more money to small businesses in 2022 than since records began, exceeding lending by the UK’s biggest five banks, research has revealed. The record year saw some £35.5 ...

01 Mar 2023 at 00:01

City

Government-backed loan scheme says it ‘takes risks’ to have social impact

A Government-backed loans scheme has said it is willing to risk losses if it means more start-ups can access funding, as it revealed it has helped 100,000 small businesses with nearly £1 billion in ...

02 Feb 2023 at 00:01

Reeves pledges end of instability as she announces new National Wealth Fund

British economic instability has ended and the new Government is bringing investment and jobs back to Britain, the Chancellor has said. In a speech closing Monday’s International Investment Summit,...

14 Oct 2024 at 16:30

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