British Business Bank
| Company type | State-owned public limited company |
|---|---|
| Industry | Financial services |
| Predecessors | |
| Founded | 2013 |
| Headquarters | , United Kingdom |
Area served | United Kingdom |
Key people |
|
| Revenue | £226 million (2024/25) |
| £109 million (2024/25) | |
| Total assets | £4.9 billion (31 March 2025) |
| Total equity | £3.7 billion (31 March 2025) |
| Owner | HM Government (via the Department for Business and Trade) |
Number of employees | 671 (2025) |
| Subsidiaries |
|
| Website | www |
British Business Bank plc is the United Kingdom government’s economic development bank. It supports smaller businesses’ access to debt and equity finance by working through accredited lenders and fund managers rather than lending directly to most firms. It is wholly owned by HM Government and is headquartered in Sheffield.
Its programmes span debt, early-stage lending and equity. Active schemes include the Growth Guarantee Scheme, which launched with accredited lenders on 1 July 2024 and provides a 70% guarantee to the lender, the ENABLE programmes that expand lenders’ capacity to finance smaller businesses, and the government-backed Start Up Loans scheme. Equity initiatives are delivered through the group’s commercial subsidiaries, British Business Investments and British Patient Capital, and via the National Security Strategic Investment Fund.
In 2024/25 the bank reported supporting £6.8 billion of finance for smaller businesses and a statutory profit before tax of £144 million.
During 2020 to 2021 the bank administered UK COVID-19 loan guarantee schemes and the Future Fund. The government publishes ongoing repayment and performance data for these portfolios.