Our first Impact Report assesses the economic impact of the British Business Bank’s activities in 2023
£6bn
of finance deployed into UK smaller businesses in 2023
£3.5bn
of the £6bn deployed is public funding
£2.5bn
of the £6bn deployed is private capital leveraged alongside our own funding
This enabled us to fund smaller businesses across the UK’s Nations and regions
23,100
smaller UK businesses funded in 2023
84%
of businesses supported were outside London
£2.9bn
of finance deployed was into businesses outside of London
We expect the funding to produce a substantial long-term economic impacts over the life of the finance deployed
39,400
additional new jobs created
£8.4bn
of additional gross value added created
£2.40
of gross value added is expected to be generated for each £1 of Bank funding drawn down, and deliver a return on investment for the taxpayer