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Peer2Peer Finance News | September 19, 2019

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Keith Morgan

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 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

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

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

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

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