BB
LP profile
British Business Finance
Limited partner
Private equity · Founded 2014 · Sheffield, United Kingdom
17
VC firms backed
01 · Background
Who British Business Finance is.
- Historical Background
- British Business Bank plc is a state-owned economic development bank established by the UK Government in 2014. It was created to increase the supply of credit to small and medium-sized enterprises (SMEs) following the financial crisis.
- Source of Capital
- The bank is wholly owned by the UK's Department for Business and Trade, with its capital originating from the government. It operates as a government-owned, but operationally independent, development bank.
- Major Events
- In 2025, the bank announced it would bring its venture-focused subsidiary, British Patient Capital, under the single unified brand of the British Business Bank. The government announced a £6.6 billion capital injection in June 2025 to support the bank's new 10-year industrial strategy.
- Allocation Strategy
- The institution focuses on improving access to finance for smaller businesses across the United Kingdom, acting as the largest domestic investor in UK venture and venture growth capital funds. It invests in businesses both directly and through a fund-of-funds model, often investing alongside private sector investors to maximize impact. A recent £4 billion commitment is targeted at eight specific sectors as part of a new industrial strategy, aiming to address the financing gap for companies in their scaling phase with strategic investments of up to £60 million.
02 · Fund commitments
The funds British Business Finance backs.
British Business Finance is a limited partner in 17 funds. 3 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Passion Capital
#174 Power Law
Episode 1 Ventures
#353 Power Law
Amadeus Capital Partners
#466 Power Law
Active Partners
British Business Bank
Enterprise Ventures
European Investment Bank
European Regional Development Fund
Foresight Group
IQ Capital
Longwall Ventures
Maven Capital Partners
03 · Allocation
How British Business Finance’s fund book is spread.
The 17 funds British Business Finance backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 17100%
United Kingdom 15 · Belgium 1 · Luxembourg 1
How established those managers are
Managers grouped by how many funds they have raised — across the 15 of 17 with a fund history on record.
Emerging funds · 9
Established funds · 6
4
1
3
2
2
3
3
4
1
5-6
1
7-9
1
10-14
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other private equity fund investors in the Power Law LP ranking, closest to British Business Finance by combined power-law score — Europe first, then the nearest worldwide.
🇺🇸
Headlands
$100M AUM
32 VC funds backed
🇺🇸
BlackRock
$14T AUM
35 VC funds backed
🇬🇧
Schroders Capital
$997B AUM
31 VC funds backed
🇪🇸
Arcano Partners
$8.5B AUM
14 VC funds backed
🇩🇪
NRW.BANK
$47B AUM
26 VC funds backed
🇫🇷
Eurazeo
$41B AUM
10 VC funds backed
🇬🇧
Hollyport Capital
15 VC funds backed
🇫🇷
SWEN Capital Partners
$10B AUM
10 VC funds backed