The British Business Bank is the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
British Business Bank plc is wholly and directly owned by Secretary of State for Business, Energy and Industrial Strategy. British Business Bank plc and its principal operating subsidiaries are not banking institutions and do not operate as such. Neither British Business Bank plc nor its principal operating subsidiaries are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website: www.british-business-bank.co.uk
NPIF is a trading name of Northern Powerhouse Investments Limited (“NPIL”) (company registration number 09891047, registered office is at Foundry House, 3 Millsands, Sheffield S3 8NH). NPIL is wholly and directly owned by Secretary of State for Business, Energy and Industrial Strategy and is advised by British Business Financial Services Limited. NPIL aggregates various sources of funding and acts as investor in the NPIF product funds. NPIL does not invest directly in SMEs. NPIL is not authorised or regulated by the FCA or PRA.
Neither NPIL nor any member of the British Business Bank group provides any investment or other advice to SMEs seeking funding from NPIF. All applicants for NPIF funding should contact the appointed Fund Managers directly.