The government has announced that its bank referral scheme has helped 230 British businesses access £3.8m of funding in its first nine months, but should we be celebrating that statistic?
British Business Bank
The British Business Bank has created a £400m Northern Powerhouse Investment Fund that will be based in Sheffield to unlock growth alongside Local Enterprise Partnerships.
Chancellor Philip Hammond announced a plan to pump £400m of venture capital funds into the British Business Bank to support the UK’s growing companies.
It serves as the centrepiece at the heart of the government's commitment to make the UK the best place in the world to start and grow a business – the kind of vintage glass of port at the end of a meal it hopes people will be waxing lyrical about in the future. But what exactly is in the Small Business Bill – Real Business has had a look.
If the Conservative party are returned to power after the 7 May general election, David Cameron has pledged to commit £1bn for the cultivation of a mid-market business sector –similar to the Mittelstand businesses found in Germany.
New statistics compiled by Vince Cable’s British Business Banks have identified a growing sense of positivity amongst small and growing companies in the UK.
As one of the world’s leading financial centres, geographically positioned between the US and the Far East, the UK has without doubt the tools to build on its reputation as the global go-to place for business.
Keith Morgan, CEO of the Government's new British Business Bank, shares some thoughts on business access to finance.
The government's “British Business Bank” has confirmed it will be investing another £40m in P2P loans company Funding Circle in an effort to boost alternative funding options for small and medium businesses.