British Business Bank

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. The Bank’s latest research conducted by Ipsos MORI found that the vast majority (84%) of the Scot

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

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. Analysis fr

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. Figures from the Bank’s annual Small Business Finance Markets report show that there were 242 equity deals in Scotland in 2

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. The disruptive impact of Coronavirus on the UK’s economy and traditional working patterns has catalysed many to reconsider their careers, whe

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.

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. A total of £14m of the CBILS funding has been provided to Scottish SMEs.

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.  The loans been an integral part of the UK Government’s support for small businesses during the pandemic, but concerns are mounting over

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). This means LendingCrowd will be able to distribute UK government-backed loans to SMEs impacted by th

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

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.

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.  The funds from British Business Investments

High street banks have blamed the British Business Bank, the government-owned organisation responsible for implementing the coronavirus loans scheme, for delays preventing small businesses across the UK from accessing desperately needed funds.  The criticism of the bank comes as Chancellor

Barclays has today announced the launch of a new cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450 million ENABLE guarantee from the British Business Bank, this scheme is the largest of its kind to launch in the UK.

DSL Business Finance has said that there is no evidence of a decline in the number of new companies being set up in Scotland, despite the uncertainty caused by Brexit. Stuart Yuill, executive director, said the company's pipeline of business leads remained unshaken, despite the increased political u