British Business Bank

We are a government-owned business development bank dedicated to making finance markets work better for smaller businesses.

VENTURES

Focus areas

Investing in

  • Idea
  • Product or prototype
  • Go to market
  • Growth and expansion

Focus areas

The investor is focussed on the following areas

Consumer services & devices
Consumer services & devices
Financial
Financial
Energy & Greentech
Energy & Greentech
Hardware
Hardware
Healthcare
Healthcare
Marketplace & eCommerce
Marketplace & eCommerce
Media
Media
Mobile
Mobile
Other
Other
Retail
Retail
Software
Software

Experience

Our aim is to make finance markets work better for small businesses in the UK at all stages of their development: starting up, scaling up and staying ahead. 

OUR OBJECTIVES

 

  • We will increase the supply of finance available to smaller businesses where markets don’t work well.
  • We will help to create a more diverse finance market for smaller businesses, with a greater choice of options and providers.
  • We will encourage and enable SMEs to seek the finance best suited to their needs.
  • We will achieve this whilst managing taxpayer resources efficiently and within a robust risk management framework.
  • We will be the centre of expertise on smaller business finance in the UK, providing advice and support to Government.
  • We will identify and help to reduce imbalances in access to finance for smaller businesses across the UK.

The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. We don’t lend or invest directly. Instead we work with over 100 partners such as banks, leasing companies, venture capital funds and web-based platforms.

Businesses apply for finance through our partners who, because they work with us, can lend and invest more, especially to younger and faster growing companies.

In total we work through more than 100 finance partners in the market, and we will unlock up to £10 billion of new finance and bring greater choice and information on finance options to smaller businesses.

Our work and corporate culture is driven and supported by our organisation’s values:

  • Enabling – our overarching ethos
  • Connecting
  • Innovative
  • Openness
  • Talent
  • Commercially Responsible.

Our programmes are designed to bring benefits to smaller businesses that are start-ups, high growth, or simply viable but underfunded. We have two commercial subsidiaries, British Business Investments Ltd and British Patient Capital Ltd, which make commercial investments into providers of finance to smaller business in the UK.

Key People

Our Board

- Lord Smith of Kelvin - Chair

- Keith Morgan - CEO

- Patrick Magee - Chief Commerical Officer

- Christopher Fox - Chief Financial Officer and Head of Central Services

- Shanika Amarasekara - General Counsel & Company Secretary 

- Jonathan Britton - Independent Non-executive Directory - Audit Committee Chair

- Ceri Smith - Shareholder Representative 

- Neeta Atkar - Non-executive Director and Chair of Risk Committee

- Amanda Rendle - Non-executive Director 

Senior Leadership Team

- Keith Morgan - CEO

- Patrick Magee - Chief Commerical Officer 

- Christopher Fox - Chief Financial Officer and Head of Central Services 

- Catherine Lewis La Torre - CEO, British Patient Capital & British Business Investments

- Ken Cooper - Managing Director, Venture Capital Solutions 

- Reinald de Monchy - Managing Director, Guarantee and Wholesale

- Graeme Fisher - Managing Director, Policy, and Communications

- Alison Fletcher - Head of Internal Audit

- Judith Hartley - Managing Director, UK Network

- Alice Hu-Wagner - Managing Director, Strategy Economics and Business Development

- Paul Norris - Managing Director, Patient Capital Vehicle Setup

- Paddy Lye - Managing Director, Operations

 

How to approach them

Submit application