The British Business Bank (BBB) has been allocated another £4.5bn under a small business plan by the UK government.
The funds will be distributed among the BBB’s key initiatives for smaller businesses: its Growth Guarantee Scheme, its Start Up Loans programme, the ENABLE Guarantees programme and its Regional Angels programme.
Read more: British Business Bank hits £2.5bn lending under Growth Guarantee Scheme
These measures form part of the government’s 2025 Spending Review, under which the British Business Bank’s total financial capacity will increase to £25.6bn from April 2026, enabling an increase in investments to around £2.5bn each year.
“This will provide essential additional capacity and certainty for these key debt and equity funding programmes to support everyday businesses and the start-up economy,” said Louis Taylor, chief executive of the British Business Bank.
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“We look forward to supporting even more smaller businesses in reaching their full potential, while generating further economic growth, jobs and prosperity across the UK’s nations and regions.”
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