British Business Bank
Status
ACTIVE
Global HQ
Sheffield, United Kingdom
Countries of investment
- United Kingdom
Investment stages
- Pre-Seed
- Seed
- Series A
- Series B
- Series C
- Growth
Industries
- Sector agnostic
- SME finance
- Technology
- Life sciences
- Clean energy
- Manufacturing
- Creative industries
About
The British Business Bank is a Sheffield-headquartered development bank wholly owned by the UK government. Its mandate is to make finance markets work better for smaller UK businesses, improving both the supply and diversity of capital available to them. It operates primarily as a limited partner and co-investor, backing fund managers across the country rather than competing with them.
The British Business Bank is a Sheffield-headquartered development bank wholly owned by the UK government. Its mandate is to make finance markets work better for smaller UK businesses, improving both the supply and diversity of capital available to them. It operates primarily as a limited partner and co-investor, backing fund managers across the country rather than competing with them.
Investment Thesis
The British Business Bank is a UK government-owned development bank whose thesis is that structural market failures — not lack of demand — constrain small business finance. Rather than investing directly at scale, they deploy through intermediary fund managers and co-investment programmes such as Enterprise Capital Funds, British Patient Capital and the Regional Angels Programme, deliberately targeting stages, sectors and UK regions that private capital underserves.
Manager's Experience
Established in 2014 and headquartered in Sheffield, wholly owned by the UK government and operating independently of it. Deploys through programmes rather than a single fund — Enterprise Capital Funds, British Patient Capital, the Regional Angels Programme, Start Up Loans and the Nations and Regions Investment Funds — acting primarily as a limited partner and co-investor into third-party managers. Its remit is to correct structural failures in UK smaller-business finance markets rather than to compete with private capital. (Leadership, AUM and programme sizes unverified.)
Team
Louis Taylor - Chief Executive Officer
Pijush Gupta - Chief Financial Officer
Catherine Lewis La Torre - CEO
British Patient Capital & British Business Investments
Shanika Amarasekara - Chief Impact Officer
Neeta Atkar - Chief Risk Officer
Patrick Magee - Chief Commercial Officer
Judith Ozcan - Chief People Officer
Reinald de Monchy - Managing Director
Guarantee & Wholesale Solutions
Portfolio
Quantexa
Thought Machine
Lendable
M-Files
Forefront
ComplyAdvantage
GoCardless
Graphcore
Revolut
Zopa