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Peer2Peer Finance News | January 23, 2019

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British Business Bank

British Business Bank appoints director for the North and Midlands

December 11, 2018 |

THE BRITISH Business Bank has named Geoff Whiteland (pictured) as a UK network director for the North of England and the Midlands.

The state-backed development bank said on Tuesday that it is establishing a UK network, with team members based around … Read More

Funding Circle fund secures £150m British Business Bank facility

November 28, 2018 |

THE BRITISH Business Bank (BBB) is set to back up to £150m of loans on the Funding Circle platform, through the peer-to-peer lender’s listed investment fund.

The state-backed bank will provide the facility in the form of a senior, floating … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Profits up at British Business Investments as fintech portfolio grows

October 23, 2018 |

BRITISH Business Investments, the commercial arm of the British Business Bank, has reported a 23 per cent jump in pre-tax profits in its full-year results.

The state-backed lender’s gross annual income of £76.2m delivered a pre-tax profit of £67.9m for … Read More

SMEs unwilling to borrow despite greater access to finance

October 2, 2018 |

ALMOST two thirds of UK small- and medium-sized enterprises (SMEs) are not willing to borrow money to fund the expansion of their business, amid “subdued” attitudes towards external financing.

According to the latest BDRC SME Finance Monitor, just 34 per … Read More

British Business Bank appoints new head of patient capital activities

October 1, 2018 |

THE BRITISH Business Bank (BBB) has named Catherine Lewis La Torre as chief executive of its commercial patient capital activities. In this role, Lewis La Torre (pictured) will be responsible for allocating long-term financing to businesses across the UK.

British … Read More

UK small businesses unsure of growth strategies

September 19, 2018 |

ONE third of small business owners want to grow their enterprise but are unsure how to do so, according to new research.

A survey commissioned by the British Business Bank found that many small businesses are unaware of the alternative … Read More

ThinCats warns state support for UK SMEs lagging behind Europe

July 23, 2018 |

THE UK is far behind its European counterparts in supporting small- and-medium-sized enterprises (SMEs), ThinCats claims.

The peer-to-peer business lender has said that government support for SME finance is just a “tiny fraction” of what is provided in Germany and … Read More

Alternative lenders help push BBB-facilitated loans past £12bn

July 19, 2018 |

ALTERNATIVE lenders helped drive £678m of new funding commitments through British Business Bank (BBB) programmes in 2017/18, taking the total stock of finance provided to small businesses to £12.3bn.

This represents an increase of 33 per cent from the year … Read More

Business angels favouring fintech investments

June 19, 2018 |

FINTECH is now one of the most popular areas with the UK’s business angels, according to new research.

The UK Business Angels Market report, which is published by the British Business Bank, found that 24 per cent of business angels … Read More