British Business Bank does not provide funding directly to smaller businesses. We work in conjunction with private sector partners to enable smaller businesses to access more finance, from a greater number of providers, through a wider range of products. Our goal is to change the structure of finance markets for smaller businesses, so these markets work more effectively and dynamically. This will help businesses prosper and build economic activity in the UK.
Our objectives are: i) to increase the supply of finance available to smaller businesses where markets don’t work well ii) to create a more diverse and vibrant finance market for smaller businesses, with a greater choice of options and providers iii) To build confidence in the market by increasing smaller businesses’ understanding of the options available to them
iv) To achieve this whilst managing taxpayer resources efficiently and within a robust risk management framework.