22 NOVEMBER 2021
British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, today publishes its Annual Report and Accounts for 2021/22.
Key highlights include:
Judith Hartley, CEO, British Business Investments, said: “We are pleased to report another strong performance by British Business Investments, delivering a record number of new commitments in an annual period – 20 totalling £350m – and strong profit before tax of £189.4m. As a ‘through the cycle’ investor and lender we have continued to invest strongly over the last year despite the challenging economic headwinds and have remained active and visible in the market, to support funding for the UK’s smaller businesses.”
In 2021/22, British Business Investments continued to deliver strongly against the four objectives set by its parent, British Business Bank plc:
Francis Small, Chair of British Business Investments, said: “In my outgoing year as Chair, I am delighted to confirm that British Business Investments has once again performed well against its key objectives. The portfolio we have built since inception in 2014 is highly diversified by asset class, by delivery partner, by sector and by geography and supports thousands of smaller businesses in all parts of the UK, whilst consistently enabling us to generate a profit for the UK taxpayer. I am, therefore, tremendously proud of all that has been achieved, including the significant impact British Business Investments has had, and continues to have, in the alternative finance market for UK smaller businesses.”
British Business Investments supports the development of more diverse debt and equity finance markets throughout the UK. To increase the choice of finance for smaller businesses, British Business Investments provides funding through a wide range of finance providers – including peer to peer lenders, small-cap private debt funds, challenger banks, asset finance providers, equity funds-of-funds and regionally-based early-stage investors.
Senior Communications Managert. +44 (0)20 7898 5829m. +44 (0)7827 552301e. email@example.com
British Business Investments team at MHP Communications
t.+44 (0)20 3128 8589
About British Business Investments
British Business Investments is the trading name of British Business Investments Ltd, a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. It forms part of the British Business Bank’s commercial arm.
British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government. Find out more at bbinv.co.uk.
British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.Back