Future Fund scheme run by the British Business Bank issued 1,190 companies with convertible loans worth £1.14bn
State-backed investor says performance ‘above expectations’ against backdrop of challenging market conditions
Start-ups with potential to become multibillion-pound companies often bought by overseas groups, new chair warns
State-backed investor warns that ‘unwinding of previous unrealised gains may well continue over next 12-18 months
New chief executive says state-owned investor’s remit should widen to keep more fast-growing start-ups in the UK
Lenders flag a further £6.2bn of problem loans made to struggling businesses
Shadow chancellor will announce drive for investment in start-ups after Jim O’Neill-led review
State-backed investor says ‘tough’ conditions mean extra financial help is needed
It is unclear how state-owned British Business Bank will handle its investments in hundreds of small private companies
Audit committee member on state-backed bank warned of ‘significant tail of dormant companies’ in Future Fund
British Business Bank to use uncommitted funds to support start-ups seeking to raise capital as economy weakens
Up to 45% of companies surveyed would not have sought debt financing in absence of taxpayer support
British Business Bank opens fresh investigation into alleged abuse of Covid lending schemes
Covid support scheme launched by Rishi Sunak in 2020 now holds shares in 337 companies
Hunt for permanent boss under way as financial services agency faces scrutiny over Covid loans
British Business Bank accused of presiding over ‘colossal cock-up’ at taxpayer’s expense
The egregious failure to tackle issues with the Covid loans is costing the UK taxpayer hundreds of millions a month
UK parliamentary committee claims state-backed lender took information from now-collapsed finance firm at ‘face value’
The Treasury invested £1bn in 1,190 start-ups during the pandemic but the Future Fund is shrouded in mystery
Eight businesses that borrowed from firm under taxpayer-backed programme revealed
Tech-focused companies prosper and others helped by Covid emergency fundraising scheme
Steel magnate incorporated new companies in an effort to tap government’s emergency lending scheme
The Future Fund has backed more than 1,200 companies yet the government is saying remarkably little about it
British Business Bank warns that many individual companies will struggle to repay debts
There is a way to finance Britain’s fastest-growing companies and increase pension returns
