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16th September 2021

British Business Investments announces new £15m commitment to Liberty Leasing

10th August 2021

Praetura Ventures secures £15m commitment from British Business Investments through the Regional Angels Programme

16th June 2021

Isomer Capital announces first close of new €100m opportunities fund

3rd June 2021

British Business Investments announces new £50m commitment to Apera Asset Management

27th May 2021

Deepbridge secures £15m commitment from British Business Investments

24th March 2021

British Business Investments announces new £10m commitment to Co-Fund NI through Regional Angels Programme

16th March 2021

MML Ireland Announces Close of €135 Million Private Equity Fund Raised for Investment in Irish SMEs

27th January 2021

British Business Investments announces new £10m commitment to Syndicate Room

19th January 2021

British Business Investments commits €40m to Claret Fund III at first close

22nd December 2020

Liberis adds £70m funding and venture debt to grow embedded business finance platform and help SMEs weather the COVID storm

11th December 2020

British Business Investments announces new £25m commitment to Haydock Finance

26th November 2020

Newable Ventures and Bristol Private Equity Club secure £10m commitment from British Business Investments

11th November 2020

British Business Investments – Full year results for the period ending 31 March 2020

11th November 2020

British Business Investments – Annual Report 2020

10th November 2020

British Business Investments announces new £15m commitment to Compass Business Finance

5th November 2020

British Business Investments announces new £30 million commitment to back UK SMEs through Funding Circle’s UK SME Direct Lending Fund

28th October 2020

FDC launches new £100 million debt fund with investment from the West Midlands Pension Fund and British Business Investments

28th October 2020

Assetz Capital secures additional £25m from British Business Investments

27th October 2020

British Business Investments appoints Adam Kelly as new Managing Director

17th September 2020

British Business Investments announces £30m Tier 2 investment in Shawbrook Bank as part of a £75 million capital raise

3rd September 2020

British Business Investments announces a commitment of up to €75m to new Isomer Capital fund of funds, aimed at early stage venture capital managers

18th August 2020

British Business Bank appoints CEO on an interim basis of commercial subsidiaries British Business Investments and British Patient Capital, along with new Chairs

9th July 2020

British Business Investments announces a commitment of up to €120m to LGT Capital Partners funds

10th June 2020

British Business Investments CEO appointed Interim CEO, British Business Bank

4th June 2020

British Business Investments commits up to £40m to Columbia Lake Partners UK LLP’s second fund

13th May 2020

British Business Investments commits £35m to Harwood Private Capital UK LP (“HPC UK SME Fund”)

23rd April 2020

British Business Investments commits £10m to Startup Funding Club

17th April 2020

British Business Investments and Par Equity to deliver £75m of investment to support ambitious entrepreneurs in the regions

20th March 2020

Statement from the CEO with regards to the Coronavirus outbreak

13th March 2020

Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding

11th March 2020

Budget 2020: British Business Investments Response

4th February 2020

British Business Investments commits £50m to fund targeting North and Midlands based businesses

27th December 2019

Keith Morgan, Chair, British Business Investments, awarded CBE for services to small business finance

17th December 2019

British Business Investments commits up to £100m to Hermes GPE in second cornerstone commitment through its Managed Funds Programme

30th October 2019

British Business Investments makes £15m Tier 2 capital facility available to PCF Bank

16th October 2019

British Business Investments – Full year results for the period ending 31 March 2019

16th October 2019

British Business Investments Annual Report 2019

19th September 2019

British Business Investments provides £25m funding line to North West asset finance provider Kingsway

12th September 2019

British Business Investments commits £10m to Dow Schofield Watts Angels as first partner in Regional Angels Programme

4th September 2019

British Business Investments commits up to €100m to Top Tier Capital Partners’ first vehicle dedicated to European Venture Capital

15th May 2019

British Business Investments commits €27m to Bootstrap Europe II

2nd May 2019

British Business Investments commits £50m to BOOST&Co’s Second Fund

6th March 2019

Beechbrook Capital’s second UK SME Credit Fund reaches first close at £128m and completes first two investments

18th February 2019

British Business Investments commits £20m to ThinCats to provide more debt finance to UK businesses

29th October 2018

Autumn Budget 2018

23rd October 2018

British Business Investments – Full year results for the period ending 31 March 2018

23rd October 2018

British Business Investments Annual Report 2018

2nd October 2018

British Business Investments makes £25m Tier 2 investment in Secure Trust Bank PLC

1st October 2018

British Business Investments launches new £100m programme to support regional angel investment 

1st October 2018

Catherine Lewis La Torre appointed CEO of British Business Bank’s commercial patient capital activities

27th June 2018

British Business Investments commits £31.15m to IQ Capital Fund III to support deep tech companies

16th May 2018

British Business Investments provides £12m to asset finance specialist Universal Leasing Ltd

15th May 2018

British Business Investments launches new £500m programme to increase access to patient capital   

3rd May 2018

Growth Capital firm Oxx announces first close of debut fund with commitment from British Business Investments

17th April 2018

British Business Investments commits to Dawn Capital’s new venture capital fund

11th April 2018

British Business Investments provides new finance facility to Liberis

28th February 2018

British Business Investment commits £20m to new venture capital model from Kindred Capital

6th February 2018

British Business Investments commits to a £30m boost for smaller businesses

22nd December 2017

British Business Investment’s latest commitment boosts regional finance options for UK smaller businesses

11th December 2017

British Business Investments commits £30 million at the first close of Shard Credit Partners first direct lending fund

4th December 2017

British Business Investments and IGF to increase SME funding with new cash injection

30th November 2017

British Business Investments commits £15m to Balderton’s new $375m fund

24th November 2017

Budget 2017

23rd November 2017

News from our partners – Seedcamp celebrates 10 year anniversary with £41M first close seed fund to invest in next generation of European entrepreneurs

16th November 2017

British Business Investments commits £20m to £100m FPE Capital fund

16th November 2017

Catherine Lewis La Torre at this year’s BVCA Summit

21st September 2017

British Business Investments – Full Year Results for the Period Ending 31 March 2017

21st September 2017

View our Annual Report for 2016-17

3rd August 2017

British Business Bank Investments Ltd commits €40 million in first closing for Harbert European Growth Capital Fund II.

10th July 2017

GCP caps a successful year with a £40m investment from British Business Bank Investments Ltd to complete the final close of Fund IV at £205m

29th June 2017

BOOST&Co Limited secures additional £20m commitment from British Business Bank Investments Ltd for its Industrial Lending 1 fund  

21st June 2017

Atom bank secures £30m Tier 2 capital facility from British Business Bank Investments Ltd

21st April 2017

British Business Bank Investments Ltd provides £6.6m of funding to Shire Leasing to boost asset finance for smaller businesses

2nd February 2017

Beechbrook Capital closes £150m UK SME Credit I and backs two more businesses

18th January 2017

British Business Bank Investments Ltd makes £400m from Autumn Statement available to venture capital funds

5th January 2017

British Business Bank expands partnership with Funding Circle

8th November 2016

British Business Bank Investments Ltd announces £10m commitment to new £260m technology fund

20th September 2016

British Business Bank Investments Ltd – Full Year results for the period end 31 March 2016

20th September 2016

View our Annual Report for FY2015-16

13th September 2016

British Business Bank Investments Ltd commits £18m to northwest-based asset finance provider, enabling a £36m boost to smaller business growth

3rd August 2016

British Business Bank Investments Ltd partner Beechbrook Capital holds first close on latest private debt fund

20th July 2016

British Business Bank Investments Ltd provides £16.5m line to Northwest asset finance provider Kingsway under new expansion capital initiative

16th June 2016

British Business Bank Investments Ltd names Catherine Lewis La Torre as Chief Executive Officer

17th May 2016

British Business Bank Investments Ltd invests in Frog Capital II

14th April 2016

British Business Bank Investments Ltd invests £30 million in first close of CORDET Direct Lending fund

31st March 2016

British Business Bank Investments Ltd invests in Atlantic Bridge III, a new €140 million fund for Technology companies

22nd March 2016

British Business Bank Investments Limited partners with Liberis to support funding for smaller UK businesses

10th March 2016

British Business Bank Investments Limited publishes half year results for the six months ended 30 Sept 2015

22nd February 2016

View our annual report for FY 2014-2015

19th February 2016

British Business Bank Investments agrees £25m facility with Haydock Finance

19th January 2016

British Business Bank Investments Ltd invests in new UK Private Debt Fund from Muzinich & Co

19th January 2016

British Business Bank Investments Ltd – Annual Results and publication of 2015 Annual Report and Accounts

4th January 2016

British Business Bank Investments Ltd-supported Beechbrook Capital’s inaugural UK SME Credit Fund holds first close at more than £100m

29th October 2015

British Business Bank’s commercial arm supports UK SMEs with investment in Shawbrook Bank

17th September 2015

British Business Bank’s VC Catalyst Fund invests in Nauta

27th March 2015

British Business Bank Investments Limited makes €6m clean technology investment

2nd February 2015

British Business Bank Investments backs Northwest asset finance provider with £5m investment, introduces new expansion capital initiative

31st October 2014

£80 million boost for leasing finance as British Business Bank focuses on alternative lending for smaller businesses

24th September 2014

British Business Bank partner BMS Finance provides debt finance to Whittle, one of the UK’s leading commercial painting contractors

2nd September 2014

British Business Bank boosts European Capital UK SME fund to £100m to help provide debt finance to UK’s smaller businesses

6th August 2014

Making Britain the global centre of financial innovation – £100m extra for British Business Bank Investment Programme

25th February 2014

New £40m investment by British Business Bank to support £450m of lending to smaller businesses

9th July 2013

Dawn Capital raises new fund with help from British Business Bank’s VC Catalyst fund

British Business Bank boosts European Capital UK SME fund to £100m to help provide debt finance to UK’s smaller businesses

Total commitments under the British Business Bank Investment Programme now close to £200m, expected to facilitate up to £1 billion of total new lending

The government-backed British Business Bank, set up with the aim of making finance markets for smaller businesses work better, has today announced that it is committing £50 million to European Capital UK SME Debt LP, a fund providing debt finance to small and medium sized enterprises (“SMEs”) in the UK, which will invest in businesses with a turnover of up to £100 million.

The British Business Bank’s £50 million is to be matched by European Capital Limited and its affiliates, taking the total available in the fund to £100 million.

The British Business Bank was set up to make finance markets for smaller businesses work better, enabling the sector to prosper, grow and build economic activity.
The investment means that the total funds committed by the British Business Bank Investment Programme now stands at £198million, which is expected to leverage up to £1 billion of new lending for the UK’s SMEs.

European Capital Limited is an investment company for pan-European private equity, mezzanine, unirate and senior debt investments, which has invested over €3.6 billion in over 100 portfolio companies, in a diverse range of industry sectors, since inception.
Keith Morgan, CEO, British Business Bank, said:

“We are very pleased to be making this investment, which will deliver substantial additional funding to a much-needed area of SME financing. This is a significant investment, enabling an experienced US non-bank lender to establish a dedicated UK smaller company lending fund, bringing greater choice to the business finance market.”

JC Morales Cortes, Director of European Capital Debt Management Limited (an indirect wholly-owned affiliate of American Capital, Ltd. (Nasdaq: ACAS)), the investment manager of European Capital UK SME Debt LP said:

“We are delighted to be partnering with the British Business Bank in our new fund, European Capital UK SME Debt LP. We look forward to providing finance and supporting UK small and medium sized businesses through this fund.”

The news comes following the Chancellor’s recent announcement of a further £100 million for the British Business Bank’s Investment Programme. The commitment, made at the launch of Innovate Finance, a new trade body promoting and supporting the UK’s FinTech scene, takes the total available for its investments in new and alternative finance providers to £400 million.

-ENDS-

 

Notes to editors:

For more information, please contact:

Department for Business, Innovation and Skills:
Jason Raj
Tel: 020 7215 5978
Email: jason.raj@bis.gsi.gov.uk

European Capital Debt Management Limited
JC Morales Cortes, Director
Nathalie Faure Beaulieu, Director
Ira Wagner, Director
Tel: 0207 539 7000

 

About British Business Bank and the Investment Programme

The British Business Bank is supporting economic growth by bringing together public and private sector funds to create more effective and efficient finance markets for smaller and medium-sized UK businesses. It is a key element of the Government’s Industrial Strategy, and it is already contributing to making the UK the best place in Europe to start, grow and finance a business.

The British Business Bank programme is currently run directly by the Department for Business, Innovation and Skills and is not authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority. British Business Bank plc will operate as a Government-owned financial institution once HM Government has received European Commission State aid clearance, which is expected in late 2014.

Launched in April 2013, the British Business Bank’s Investment Programme now has a total of £400m to invest, having been allocated an additional £100m on 6 August 2014. The programme is designed to promote diversity of lending supply through supporting a variety of potential finance providers. It has the flexibility to make a broad range of debt and equity investments, including in:

  • challenger banks
  • debt funds
  • supply chain finance and invoice discounting
  • asset-backed lenders and leasing
  • peer-to-peer lenders and other platforms.

The British Business Bank recently published a Strategic Plan, which describes how the British Business Bank is set up, how it operates and its main areas of activity. The plan also reports on recent progress and developments as well as setting out key financial, risk and other considerations. Recent performance highlights include:

  • £782m of total lending and investment supported in financial year 2013
  • 61% of the £782m total was supported through new, emerging or smaller finance providers
  • Over 30,000 businesses were benefiting from finance through British Business Bank programmes as at 31 March 2014
  • £1.56bn of total lending in the market to support UK Businesses provided by British Business Bank programmes as at 31 March 2014.

About European Capital Debt Management
European Capital Debt Management Limited is a UK investment manager authorised and regulated by the Financial Conduct Authority and is approved as an Alternate Investment Fund Manager (“AIFM”) under the Alternate Investment Fund Managers Directive (“AIFMD”). It is an indirect wholly-owned affiliate of American Capital, Ltd. (“American Capital”).

About European Capital
European Capital Limited is an investment company for pan-European private equity, mezzanine, unirate and senior debt investments and has invested over €3.6 billion in over 100 portfolio companies, in a diverse range of industry sectors, since inception. European Capital currently has €0.9 billion in assets under management. European Capital is a wholly-owned affiliate of American Capital. It is managed by European Capital Asset Management Limited (“ECAM”), an indirect wholly-owned affiliate of American Capital. ECAM and its affiliate European Capital Financial Services Ltd. (“ECFS”) have offices in London and Paris. As of 30 June 2014, ECFS had 24 investment professionals and employed 31 support staff. European Capital and its affiliate, American Capital, will consider private equity transactions in euros or sterling of up to 400 million for One Stop Buyouts® and 10 million to 100 million for senior, mezzanine and unitranche debt investment opportunities. For further information, please refer to www.EuropeanCapital.comLink opens in a new window.

About American Capital
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. American Capital manages $19 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $83 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of aggregate net book value. From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to the American Capital ManagementLink opens in a new window website.

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