British Business Bank

Transcription

1 British Business Bank Lewis Stringer, MEIF Senior Relationship Manager UKSPA Summer Conference, University of Lincoln 7 th June 2018

2 The British Business Bank The UK s national economic development bank An independent plc since Nov 2014, with the UK government as sole shareholder We work with 100+ partners

3 International Economic Development Banks Business Development Bank of Canada Est KfW Bankengruppe Est Banca del Mezzogiorno Est Small Business Administration (SBA) Est BPI France Est Japan Finance Corporation Est British Business Bank Est

4 Why support smaller businesses (SMEs)? 5.5m UK SMEs 99.9% of UK businesses 15.6m Employees in UK SMEs 60% of UK private sector employment 47% 3 rd out of 14 countries for proportion of start-ups in business population of UK private sector turnover 13 th out of 14 countries for startup's that grow to 20 + employees in 3yrs 4

5 The challenge Small business AMBITION Small business finance SCALE Small business finance DIVERSITY Small business AWARENESS of finance options How we do it: BBB 100+ delivery partners Make finance markets for smaller businesses work more effectively Smaller businesses prosper, grow and build UK economic activity

6 How we operate Expertise Designing solutions to make finance markets for small businesses work better Money 6.2bn of public funding commitments Private sector money Start-up funding providers Invoice finance / factoring Business angels Debt funds Asset finance providers Challenger banks High street banks Supplychain finance providers Venture capital providers Peer-topeer lenders Private Private Sector sector Money money 6

7 We don t lend directly 100+ partners 7

8 Our programmes START UP Mentoring and funds to be your own boss Start Up Loans SCALE UP Funds for high growth potential businesses Angel CoFund Enterprise Capital Funds Venture Capital Solutions Help to Grow Programme STAY AHEAD More funding options and choice of provider Investment Programme ENABLE Programmes Enterprise Finance Guarantee Regional programmes: NPIF, MEIF and CIOSIF Designated Banks and Finance Platforms Referrals scheme Sharing of SME data with Credit Reference Agencies RESULTING IN INCREASED BUSINESS INVESTMENT, GROWTH AND JOBS 8

9 Our programmes START UP Mentoring and funds to be your own boss Start Up Loans SCALE UP Funds for high growth potential businesses Angel CoFund Enterprise Capital Funds Venture Capital Solutions Help to Grow Programme STAY AHEAD More funding options and choice of provider Investment Programme ENABLE Programmes Enterprise Finance Guarantee Regional programmes: NPIF, MEIF and CIOSIF Designated Banks and Finance Platforms Referrals scheme Sharing of SME data with Credit Reference Agencies RESULTING IN INCREASED BUSINESS INVESTMENT, GROWTH AND JOBS 9

10 Our success the last 3 years

11 Our regional funds 400m+ Northern Powerhouse Investment Fund 250m+ Midlands Engine Investment Fund 32m+ Cornwall & IoS Investment Fund 11

12 Building awareness: The Business Finance Guide Simple guide to finance options at each stage of the business life cycle Re-launched online version in June 2017 Wide range of distributors, with link put in front of c.1m businesses through direct marketing and partners co.uk/bbb Source: British Business Bank and ICAEW, June

13 A new digital hub coming soon What is it? A new interactive, online tool to provide independent information on finance for growing businesses. What will it do? To encourage and enable fast growing small businesses to understand their finance options and seek the finance best suited to their needs. Including: A self-diagnostic tool that helps SMEs determine the finance types that could be most relevant to their business needs. PRINCIPLES: Solution-focused Expert In partnership Human Emotional Rational Actionable

14 Recent Developments Budget

15 Questions? 15

16 No representation, express or implied, is made by British Business Bank plc and its subsidiaries as to the completeness or accuracy of any facts or opinions contained in this presentation and recipients should seek their own independent legal, financial, tax, accounting or regulatory advice before making any decision based on the information contained herein. No part of this presentation should be published, reproduced, distributed or otherwise made available in whole or in part in any jurisdiction where to do so would be unlawful. British Business Bank plc is the holding company of the group operating under the trading name of British Business Bank. It 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 ). British Business Bank plc operates under its trading name through a number of subsidiaries, including British Business Bank Investments Ltd, British Business Financial Services Ltd and British Business Finance Ltd. None of British Business Bank plc, British Business Bank Investments Ltd, British Business Finance Ltd or British Business Financial Services Ltd are authorised or regulated by the PRA or FCA. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. Please note that British Business Bank s operating subsidiaries act as investors and therefore this presentation does not require approval under financial promotion legislation or corresponding rules. A complete legal structure chart for British Business Bank plc and its subsidiaries can be found at. British Business Bank plc August 2017 BBB