Record number of firms see investment

Posted on 15 May 2015
Share Blog Post
Record number of firms see BBI investment The annual report of British Business Investments (BBI), the consumer arm of the government-backed British Business Bank, reveals an additional 15 commitments of £547m in the year to 31 March 2020. The BBI has supported over 37,000 SMEs this year, representing an increase of almost 9% year-on-year, with investments including a £15m commitment to Assetz Capital, a Manchester-headquartered property-focused marketplace lender. BBI chair Francis Small commented: “Excluding the exceptional impact of COVID-19 on our financial return, British Business Investments has once again delivered on its overall objectives. The COVID-19 pandemic has had a devastating impact on many of the UK’s small and medium-sized businesses. We have worked closely with our delivery partners and have increased our commitments to them, as they have continued to provide essential finance to the UK’s SMEs.”

View more blog posts

Interest rate strategy
Posted on 27 Feb 2024
Interest rate strategy
read more
Tax investigations reduced
Posted on 26 Feb 2024
Tax investigations reduced
read more
High taxes hurt
Posted on 23 Feb 2024
High taxes hurt
read more
High banking charges hurt
Posted on 22 Feb 2024
High banking charges hurt
read more
Back To Top
01604 660661