The British Business Bank will lend on new loan requests until the entire £80 million commitment has been drawn down or by 31 December 2017, whichever happens the soonest. At the end of this period, there will be no reinvestment of either principal or interest repayments.
The British Business Bank Investments Ltd is the commercial arm of the British Business Bank, a development bank wholly owned by the UK Government. In 2017, British Business Bank Investments Ltd committed £40 million, in addition to its £40 million commitment in 2014, alongside other investors, to support economic growth by providing more efficient finance to smaller businesses.
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