British Business Bank

The British Business Bank is the UK's economic development bank, wholly owned by the government, dedicated to supporting the growth and development of innovative UK businesses. It manages assets exceeding £3 billion, investing in venture and venture growth capital to provide long-term financing solutions for high-growth potential companies across various sectors, including technology, healthcare, life sciences, deep tech, fintech, and cybersecurity. The bank's investment approach spans multiple stages, from seed to late-stage investments, encompassing buyouts and turnaround situations, with individual investments typically ranging from £10 million to £50 million.

In 2024, the British Business Bank made significant commitments, including a £20 million investment in Cambridge Innovation Capital's £100 million Opportunity Fund, focusing on growth-stage deep tech and life sciences companies. This commitment aligns with the bank's mission to address the UK's scale-up financing gap and support businesses tackling significant societal challenges. The bank's strategic focus on sectors such as technology, healthcare, life sciences, deep tech, fintech, and cybersecurity reflects its dedication to fostering innovation and economic growth within the UK.

The British Business Bank's investment philosophy emphasizes providing patient capital to innovative firms led by ambitious entrepreneurs aiming to build large-scale businesses. By offering long-term financing solutions, the bank seeks to fuel innovation, enhance ambition, and drive economic growth, positioning the UK as a leader in sectors like life sciences and deep tech. Its investments aim to narrow the venture capital investment gap with the US, ensuring that promising UK companies have access to the necessary resources to scale successfully.