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Our Impact Report, published for the first time this year, sets out the impact of the British Business Bank’s activity on smaller businesses across the UK’s Nations and regions.
At the British Business Bank, we have a shared passion to help our customers – the UK’s smaller businesses – to prosper and grow.
Over our ten years of operation, we have always had strong evidence of the finance, expertise and commitment we bring to the running our programmes to help achieve this goal, but assessing how they feed into the longer-term impact of our interventions can provide a much more valuable measure of our true success.
This inaugural Impact Report sets out the impact of the British Business Bank’s activity on smaller businesses across the UK’s Nations and regions. It looks at how the Bank’s activity in 2023 directly supports the country’s economy, what outputs and outcomes are generated, and what impact we can expect from our activities over the longer term, in line with our strategic objectives: driving sustainable growth, backing innovation, unlocking potential and building the modern, green economy.
Alongside our annual report and accounts, the findings in this report provide a direct connection between the work we do and the economic benefits we bring to real-world UK smaller businesses and the wider economy.
I hope you find this report interesting and of value.
Louis Taylor
Chief Executive Officer
This report includes an estimate of our 2023 impact performance, representing our first full year of impact reporting. The analysis includes all Bank activity where impact information is available, this excludes Investment Programme Fintech and Structured Capital and the ENABLE Build programme. Economic impact is modelled over the full life of the loan or equity investment. All figures refer to calendar year 2023.