The British Business Bank's second annual Impact Report shows it supported 3,900 previously unfunded businesses in London, accounting for 16% of its total support. In 2024/25, the Bank provided £6.8bn in finance, enabling support for 24,000 businesses nationwide. The CEO, Louis Taylor, noted the expected creation of 38,000 jobs and £8.0bn in gross value added. London remains vital for early-stage investment, housing a significant portion of UK angel investors and their deals, emphasizing the importance of financial access for businesses to foster economic growth.
In a busy and productive 2024/25, the British Business Bank amplified its role, delivering significant impact in driving economic growth and innovation across the UK.
Our activities in 2024/25 are expected to produce an impact of 38,000 additional jobs and £8.0bn of gross value added over the life of the finance.
Across the UK in 2024/25, the Bank supported a total of £6.8bn of finance for smaller businesses, enabling support for 24,000 businesses newly receiving funding.
London continues to be a hub for the UK's business activity, and we are committed to ensuring the city's businesses have access to the finance they need.
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