Key Findings

• £97 billion in additional turnover expected from businesses supported by the Bank.
• £43 billion boost to UK economic output over the lifetime of the finance provided.
• £32 billion in public and private sector funding delivered.
• Nearly 3 million jobs supported, including 250,000 additional jobs expected to be created.
• 84% of supported businesses are based outside London, highlighting the Bank’s commitment to regional inclusivity.

The report also notes that the Bank’s activities, including both commercial and subsidized programmes, achieved a net annual adjusted rate of return of 4.2%, showing that economic impact and financial returns can be delivered simultaneously.

Supporting Innovation and High-Growth Sectors

As the UK’s largest domestic investor in venture capital, the British Business Bank supported 11% of all UK equity deals over the past decade, with £8 billion deployed in the last three years alone. Significant growth was catalyzed in sectors such as life sciences, clean tech, and advanced software, with these high-growth businesses expected to create 150,000 new jobs and add £29 billion in Gross Value Added (GVA) to the economy.

Key programmes, including British Patient Capital, the Life Sciences Investment Programme, and Future Fund: Breakthrough, have accelerated equity flows into transformative industries.

Driving Regional and Sustainable Growth

The report emphasizes the Bank’s impact across the UK’s regions, with at least £1 billion in GVA generated in each of the 12 UK nations and regions. Flagship programmes such as the £1.6 billion Nations and Regions Investment Funds and the Regional Angels Programme have addressed longstanding disparities in access to finance, fostering innovation in underserved areas.

Aligned with the UK’s net-zero ambitions, the Bank has also supported the transition to a greener economy. According to the report, 37% of smaller businesses supported by the Bank have used finance to reduce their environmental impact or develop green business models.

Inclusivity in Access to Finance

The Start Up Loans programme has prioritized underrepresented groups, awarding 40% of loans to female founders and 20% to entrepreneurs from Black, Asian, or Other Ethnic Minority backgrounds. Looking ahead, the Bank is expanding access to funding for female entrepreneurs through a £50 million investment in female-led funds, supporting the goals of the Invest in Women Taskforce.

Quotes from Key Figures

“The British Business Bank has empowered smaller businesses to thrive, creating opportunities and driving growth across the UK. Its success shows how public investment and private ambition can deliver lasting value for the nation.”

“The Power of 10: 10 Year Impact Report highlights the transformative role the British Business Bank has played in driving economic growth and shaping the financial landscape for smaller businesses across the UK. From improving access to finance across the UK’s nations and regions to backing innovation and championing sustainable growth, we are proud of the impact we’ve achieved over the past decade.”

Looking Ahead

The report also outlines the Bank’s future plans, including the establishment of the British Growth Partnership, subject to regulatory approval, to unlock institutional investment in the UK’s fastest-growing companies.