Edinburgh-based fintech LendingCrowd has closed a funding deal with Barclays, and a large global investment firm to support SMEs across Britain as they recover from the coronavirus pandemic and return to growth. The funding will be delivered via the British Business Bank’s Recovery Loan Scheme
British Business Bank
Start Up Loans, part of the British Business Bank, has delivered more than 5,800 loans to business owners in Scotland since 2012, providing almost £50 million of funding, in line with the country’s share of the UK’s business population. Entrepreneurs often dream of opening a b
The Whisky Chairmen in Inverclyde is among 12 small businesses to be selected as champions of UK start-ups by Start Up Loans, part of the British Business Bank. Start Up Loans Ambassador for Scotland, Rory MacDonald, received a Start Up Loan of £13,000 through British Business Bank delive
Smaller businesses account for almost a third (30%) of all current UK greenhouse gas emissions (including emissions from households, industry and government) and around half (50%) of total emissions from UK businesses, the British Business Bank estimates. Its latest research report, smaller bus
Mark Sterritt, UK network director, Scotland at the British Business Bank, discusses angel investment in Scotland. The experience of the past 18 months has underlined the importance of a diverse and accessible financial ecosystem – both in terms of the type of finance available and the provide
Mark Sterritt, UK network director - Scotland at the British Business Bank, talks about the success of the Start Up Loans programme in Scotland and the value that new business brings to the Scottish economy, particularly as we focus on recovery. Scotland’s entrepreneurs may have faced multiple
Scotland has the most self-contained investor base outside of London, and one of the UK’s most vibrant financial ecosystems, according to new research published today as part of the British Business Bank’s first annual Regions and Nations Tracker. However, while Scotland’s 9% share
Scottish companies founded by entrepreneurs under 30 have received £15 million of funding through the Start Up Loans programme, according to new data released today by the British Business Bank. Since the initiative launched in 2012, 2,136 loans – nearly 40% of Start Up Loans awarded in
More than £4 billion of government-backed loans were provided to Scottish businesses during the coronavirus crisis, according to a new breakdown from the Federation of Small Businesses (FSB) showing the amount of debt taken on across every Scottish council area. By comparison, the latest offic
Mark Sterritt, UK network director, Scotland at the British Business Bank, discusses the growing appetite for equity finance among Scottish small businesses. It can be a difficult experience for any entrepreneur to sell part of the company they have built over years and decades of hard work. Yet, by
Smaller businesses in Scotland are likely to struggle to access the level of funding and investment needed to support growth, according to a new survey published by the British Business Bank. The Bank’s latest research conducted by Ipsos MORI found that the vast majority (84%) of the Scot
New data published today by the British Business Bank has revealed that businesses across Scotland received a total of over £4bn in funding under the government’s two largest Covid-19 loan schemes, the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme
The burgeoning tech sector accounted for 44% of equity investment in Scotland’s small businesses last year, with £124 million invested in smaller tech companies in Scotland in 2020, according to the British Business Bank’s Small Business Equity Tracker, published today. Analysis fr
Smaller businesses in Scotland raised equity finance more than any other part of the UK outside of London last year, according to analysis from the British Business Bank. Figures from the Bank’s annual Small Business Finance Markets report show that there were 242 equity deals in Scotland in 2
A new Start Up Loans initiative launched by the British Business Bank is set to unlock the talent of young entrepreneurs in Scotland after the pandemic. The disruptive impact of Coronavirus on the UK’s economy and traditional working patterns has catalysed many to reconsider their careers, whe