British Business Bank

Start Up Loans funding for young Scottish entrepreneurs passes £15m

Scottish companies founded by entrepreneurs under 30 have received £15 million of funding through the Start Up Loans programme, according to new data released today by the British Business Bank.

Published 14 September 2021

FSB: Scottish firms borrowed tree times more than they were given in grants during pandemic

More than £4 billion of government-backed loans were provided to Scottish businesses during the coronavirus crisis, according to a new breakdown from the Federation of Small Businesses (FSB) showing the amount of debt taken on across every Scottish council area.

Published 20 August 2021

Mark Sterritt: Equity finance is unlocking Scotland’s business potential

Mark Sterritt, UK network director, Scotland at the British Business Bank, discusses the growing appetite for equity finance among Scottish small businesses.

Published 12 August 2021

Demand for small business finance exceeds the level of supply across Scotland, study finds

Smaller businesses in Scotland are likely to struggle to access the level of funding and investment needed to support growth, according to a new survey published by the British Business Bank.

Published 15 July 2021

Businesses in Scotland benefited from over £4bn of funding under COVID-19 loan schemes

New data published today by the British Business Bank has revealed that businesses across Scotland received a total of over £4bn in funding under the government’s two largest Covid-19 loan schemes, the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS).

Published 6 July 2021

Tech sector drives equity investment into Scottish smaller businesses

The burgeoning tech sector accounted for 44% of equity investment in Scotland’s small businesses last year, with £124 million invested in smaller tech companies in Scotland in 2020, according to the British Business Bank’s Small Business Equity Tracker, published today.

Published 16 June 2021

Scotland top for equity finance deals outside of London

Smaller businesses in Scotland raised equity finance more than any other part of the UK outside of London last year, according to analysis from the British Business Bank.

Published 27 May 2021

New British Business Bank Start Up Loans initiative set to 'unlock potential' of young Scottish entrepreneurs

A new Start Up Loans initiative launched by the British Business Bank is set to unlock the talent of young entrepreneurs in Scotland after the pandemic.

Published 18 May 2021

Rise in borrowing heightens fears for UK SMEs

Emergency funding schemes launched in reaction to the coronavirus pandemic led to gross bank lending to small and medium-sized companies rising by 82% last year to £104 billion, fuelling concerns amongst UK firms about business debt.

Published 10 March 2021

White Oak passes £270m in CBILS lending with £14m going to Scottish SMEs

Independent business lender White Oak has announced that it has successfully provided over £270 million through the Coronavirus Business Interruption Loan Scheme (CBILS) to support UK SMEs through the pandemic.

Published 9 March 2021

UK banks prevent £1bn of fraudulent COVID-19 loans

It is estimated that UK banks have prevented more than £1 billion in fraud by rejecting almost 27,000 applications for COVID-19 Bounce Back loans. 

Published 6 November 2020

LendingCrowd approved as new CBILS lender

Edinburgh-based fintech lending platform LendingCrowd has been approved for accreditation by the British Business Bank as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS).

Published 1 July 2020

Epidarex Capital launches £102m venture fund in Edinburgh to support life science firms

International finance firm Epidarex Capital has launched a £102 million venture fund in Edinburgh to build successful life science companies.

Published 22 June 2020

Finance sector provides £5.5bn to SMEs through coronavirus lending scheme

The banking and finance sector has lent over £5.5 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

Published 7 May 2020

British Business Investments partners with Par Equity to deliver £75m of investment to entrepreneurs

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15 million commitment to Edinburgh-based Par Equity allowing the partnership to deliver over £75m of new funding for businesses. 

Published 17 April 2020