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Peer2Peer Finance News | May 25, 2019

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British Business Bank

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

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