Impact Report 2025 (British Business Bank)

Summary

• The 24,000 businesses newly funded in 2024/25 are expected to increase UK economic output by £8bn and create 38,000 jobs over the lifetime of their finance.p.2
• 84% of the businesses supported in 2024/25 are based outside of London, and the Bank's total financial capacity now stands at £25.6bn.p.3
• In 2024/25 the Bank helped £6.8bn of finance reach smaller businesses, of which around £1.2bn was public funding.p.8
• The £6.8bn flow of finance benefited 28,000 UK businesses, around one in every 200 UK businesses.p.8
• The 209,000 businesses funded in the Bank's first decade are expected to boost UK economic output by £43bn over the lifetime of their finance.p.8
• Among the 24,000 newly funded businesses, an estimated 267,000 existing jobs have been supported.p.10
• The newly funded businesses are expected to earn more than £18bn in additional turnover over the lifetime of their finance.p.9

Key insights

1. 84% of the newly funded group is based outside London, a larger proportion than the 82% of the UK business population.p.9
2. £18bn of additional turnover is equivalent to £8bn of gross value added.p.10
3. Up to 9,000 businesses are using finance to build the modern green economy.p.12
4. The Bank works with more than 200 delivery partners to diversify finance markets.p.13
5. The Growth Guarantee Scheme has a guarantee covering 70% of each facility, but 100% of the facility value is included in lending guaranteed totals.p.16
6. The expanded financial capacity will enable a two-thirds increase in the value of new investments the Bank makes each year.p.3