British Business Bank lending now exceeds £12 billion

The British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according to its annual report.

As part of its role in reducing regional imbalances the BBB was deploying £900 million of finance and supporting almost 83,000 businesses outside London at the end of March 2022.

In addition, its Regional Angels programme made six new commitments totalling £45 million, to help reduce regional imbalances in access to seed and early-stage equity finance for smaller businesses across the UK.

And its Start Up Loans programme was allocated a further three years of funding, which will deliver around 11,000 loans.

Catherine Lewis La Torre, CEO, British Business Bank, said:

'We have increased our impact and market reach to smaller businesses across the UK's regions and nations and designed innovative programmes while at the same time generating an attractive return on capital employed.

Despite this success over the last financial year, we are aware that areas of economic and geopolitical uncertainty remain. The serious headwinds that the economy is encountering make a national economic development bank an invaluable strategic asset, and we are ready and prepared to play whatever role is required to support UK smaller businesses.'

Internet link: British Business Bank website

Get in touch

Why not drop us a line or fill in our very quick enquiry form

Our Offices

Rochdale
CCM | Carter, Collins & Myer, Chichester House, 2 Chichester Street, Rochdale, Lancashire OL16 2AX

01706 860255

Ashton
CCM Ashton, Shaw House, 1 Shaw St, Ashton-under-Lyne OL6 6QJ

0161 339 5689

Bolton
CCM Green & Co, Hamill House, 112-116 Chorley New Rd, Bolton BL1 4DH

01204 497247

Carlisle
CCM Carlisle Ltd, Solway House Business Centre, Parkhouse Road, Kingstown, Carlisle CA6 4BY

01228 830803


Attribution | Site map | Terms and Conditions | Accessibility | Disclaimer | Help | Search |

© 2022 CCM | Carter, Collins & Myer. All rights reserved. powered by totalSOLUTION

The term ‘Board Director’ is used to refer to a statutory director and principal of Carter Collins & Myer Ltd as registered at Companies House. Any other designations that include the term ‘Partner’ or ‘Director’ are not registered statutory directors or principals and are marketing terms used to describe representatives of the company.

We use cookies on this website, you can find more information about cookies here.