The British Business Bank is a Government-owned, independently-run development bank. It has helped more than 74,000 growing businesses find the right finance option to help them reach their next ambition.
The British Business Bank offers a range of finance options to businesses and has a Finance Hub which has been built to help businesses understand and discover the finance options that could enable them to grow.
In 2020, the Enterprise Finance Guarantee (EFG) was temporarily replaced by the Coronavirus Business Interruption Loan Scheme (CBILS) to help businesses impacted by Covid-19. Larger businesses can access the Coronavirus Larger Business Interruption Loan Scheme.
The Bank also offers SMEs access to the Bounce Back Loan Scheme (BBLS) via a variety of lenders. This offers loans between £2,000 and £50,000 with the Government covering interest payments for the first year. You can find out more about Covid-19 support here.
