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Peer2Peer Finance News | July 23, 2019

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British Business Bank

British Business Bank lent over £6.6bn in 2018

July 17, 2019 |

STATE-OWNED British Business Bank has lent over £6.6bn to more than 89,000 businesses in the UK over the past year.

This represents a 27 per cent increase on the £5.2bn which was lent in 2017, the bank confirmed.

More than … Read More

British Business Bank hires Warren Ralls as UK network director

July 1, 2019 |

THE BRITISH Business Bank (BBB) has appointed Warren Ralls as UK network director for the South and East of England.

The UK Network is part of the BBB’s new demand development unit created to raise the state-owned development bank’s profile … Read More

British Business Bank appoints new chief risk officer

June 17, 2019 |

THE British Business Bank has appointed Edward O’Hara as its new chief risk officer.

He joins from The Commonwealth Trade Bank, where he served in a similar role since 2017.

O’Hara (pictured) has had an extensive career in risk and … Read More

UK SMEs won a record £6.7bn in equity finance last year

June 14, 2019 |

SMALL- and medium-sized enterprises (SMEs) attracted £6.7bn in equity investments last year – the highest amount ever recorded. This represents a five per cent year-on-year increase.

According to the British Business Bank’s annual Small Business Equity Tracker report, the UK … Read More

UK P2P sector poised for “significant further growth”

June 5, 2019 |

THE UK’S peer-to-peer lending sector is set to experience “significant further growth”, according to Standard & Poor’s.

A report released by the ratings agency this week said that the growing involvement of institutional funds and increased securitisation issuance are set … Read More

Five ways the private and public sector is supporting non-bank lenders

May 17, 2019 |

FROM the Bank of England’s quantitative easing scheme to Help to Buy Equity loans, sometimes it seems as if mainstream lenders are getting more support than those in the alternative finance space.

Banks have benefited from more liquidity being created … Read More

British Business Bank scheme opened up to non-bank lenders

May 16, 2019 |

THE BRITISH Business Bank has opened up its ENABLE Guarantee programme to non-bank lenders, including asset-based lending providers.

Under the programme, the UK government takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, … Read More

ThinCats secures first funding line from British Business Bank

February 18, 2019 |

THINCATS has joined a select group of peer-to-peer lenders that have received funding commitments from the British Business Bank (BBB).

The peer-to-peer business lender unveiled the new £20m funding line on Monday, which will be provided by British Business Investments … Read More

Awareness of P2P rises among smaller firms

February 11, 2019 |

SMALLER businesses’ awareness of peer-to-peer lending increased slightly last year, although the growth of the alternative finance market slowed, a new report reveals.

The British Business Bank launched its annual Small Business Finance Markets report on Monday. It found that … Read More

Female founders losing out on billions of start-up funding

February 4, 2019 |

FEMALE start-up founders receive less than 1p of every £1 of venture capital (VC) investment, research claims.

A report by the British Business Bank, not-for-profit group Diversity VC and the British Venture Capital Association – commissioned by the Treasury in … Read More