British Business Bank

Overview

100%-UK-government-owned economic development bank, headquartered in Sheffield (incorporated 2013, operating independently since 2014). Distinct from its subsidiary British Patient Capital, which runs a narrower venture/growth-equity-only commercial-return mandate: British Business Bank itself runs separate direct programs including the Regional Angels Programme (co-investing alongside angel investors at seed stage), Enterprise Capital Funds (subsidised smaller-check VC), and Future Fund: Breakthrough (£425m growth-stage deep-tech co-investment), plus debt/guarantee programs BPC does not run. Total assets were £4.9 billion as of 31 March 2025 (FY2024/25 annual report).

Key Facts

Type

Development Finance Institution

Geography focus

United Kingdom