DESCRIPTION

The British Business Bank aims to ensure that finance markets for smaller UK businesses work more effectively, allowing those companies to prosper, grow and build UK economic activity. This is helping to make the UK the best place in Europe to start, grow and finance a business. We aim to unlock up to £10bn of lending and investment for smaller UK businesses over the next five years. Our objectives include increasing businesses’ awareness of their finance options, encouraging more private sector lending and investment, and increasing the diversity and quantity of finance. British Business Bank is a development bank wholly owned by HM Government which is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).