British Business Bank celebrates 10 years of supporting smaller businesses during Business Finance Week 2024
Press release
This year’s Business Finance Week 2024 sees the British Business Bank marking a decade of supporting access to finance for smaller businesses across the UK.
Held from 26 September–3 October, with a host of free nationwide and regional in-person events, webinars and more, Business Finance Week helps smaller businesses learn about the different finance options available to help them start up and grow.
Whether established or looking to grow, finding independent and impartial information around business finance options can be complex and challenging for smaller businesses.
This year’s Business Finance Week focuses on three main themes:
- How to start a business - the first step is always the hardest, but many founders aren’t aware of the financial help that they can access to help them succeed.
- Innovation - building the businesses of tomorrow by ensuring innovative businesses can access the right capital to start and scale.
- Working capital - Working capital products can be powerful tools for smaller businesses looking to realise their full potential.
Businesses and their intermediaries, including accountants, lawyers and advisers, can sign up to attend any of the upcoming events for Business Finance Week.
Further Information
If you are a journalist and have a media enquiry, please contact mediaenquiries@british-business-bank.co.uk.
Notes to editors
About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support over £17.4bn Read footnote text 1 of finance to almost 64,000 Read footnote text 2 smaller businesses.
As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.
The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4bn in finance to 1.67m businesses. These schemes are now closed to new applications.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. Wholly owned by HM government, the Bank and its subsidiaries 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 the group can be found on the British Business Bank website.
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1
Figures as at end March 2024
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2
Figures as at end March 2024
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