British Business Bank

West Lothian has the highest rate of successful Start Up Loans applications per adult in Scotland, laying its claim to being the country’s most entrepreneurial local authority area, according to new analysis by the British Business Bank. Released to mark the beginning of Business Finance Week,

Glasgow-based DamGoodDrams, an ecommerce platform specialising in independent spirits, has planned the launch its own line of whisky and aims to take its business overseas. Founded in October 2020, DamGoodDrams sells a range of independent whiskies. The company had a successful first year and, as th

Glasgow-based Pastéis Lisboa, Scotland’s first specialist Pastel de Nata bakery, is among 12 small businesses to be selected as champions of UK start-ups by Start Up Loans, part of the British Business Bank. The announcement comes as the programme celebrates its 10-year anniversary, hav

The British Business Bank’s Start Up Loans programme has been expanded in order to provide vital support to Scottish start ups during a challenging economic period. The programme now includes start ups that have been trading for up to three years and second Start Up Loans are now availabl

A Speyside-based whisky experiences business, CopperCairn, has secured £20,000 in funding to take its bespoke tasting tours to the next level. CopperCairn first came to life in October 2020 after entrepreneur Mitch Bechard decided to leave behind his career as a global whisky ambassador for Wi

Glasgow’s west end will be home to Scotland’s first specialist 'Pastelaria' bakery after it received a £40,000 loan. The Portuguese-style bakery, 'Pastéis Lisboa', run by entrepreneurial couple Emma Airley and Sebastian Bacewicz, is opening this week on Byres Road.

Accredited lenders have offered over £229 million to smaller businesses in Scotland, through the Recovery Loan Scheme, as they steer a path towards a sustainable recovery, announced the British Business Bank.   Of the £229.7m of total funding offered th

A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed that one in ten firms who borrowed money under the Bounce Back Loan Scheme (BBLS) are in arrears by over ninety days, with £29.357 owed in total.

About one in eight of the 1.5 million small businesses in the UK who were encouraged to take out loans under the COVID-19 Bounce Back Loan Scheme have fallen into arrears on their repayments.

New data shows that small businesses founded at Scottish universities accounted for the highest number of equity investment deals to UK spinouts last year, according the British Business Bank. Of the 211 equity deals involving spinouts across the UK during 2021, 44 (21% of the total) came from Scott

The British Business Bank has appointed Susan Nightingale to the role of UK network director for the Devolved Nations, leading the Bank’s activity in Scotland, Wales and Northern Ireland. Ms Nightingale has been with the bank since January 2020 following a career spanning both public and priva

Equity investment in Scotland’s smaller businesses reached record levels in 2021, with Edinburgh named as the largest UK hub for deal activity outside of London, according to the British Business Bank’s Small Business Equity Tracker. Published today, the research found a total of £

Louis Taylor has been appointed CEO of the British Business Bank, the UK’s economic development bank, and will take up the role from 1 October. Mr Taylor is currently CEO of UK Export Finance, the UK government's export credit agency.

The life sciences sector became the most popular destination for equity investment into tech-focussed smaller businesses in Scotland, as the Covid-19 pandemic increased interest in healthcare technology, according to new analysis from the British Business Bank. Using Beauhurst data that tracks equit

The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the Bank’s presence north of the border. Mr McCulloch takes over from Ian Mitchelmore who is stepping down due to retirement.