British Business Investments pre-tax profits up 76%

Strongest ever year

British Business Investments pre-tax profits rose 76% in the 2021/22 financial year, its strongest ever financial return in a single annual period, investing in a record number of enterprises.

It has also annouced a new mission, focused on the themes of regionality, diversity and inclusion and sustainability. It will be updating its investment strategy and delivery partner selection process to more explicitly favour proposals demonstrating strengths in these areas. UK smaller business investment jumps to record £18.1bn in 2021 BBI was set up to increase the supply and diversity of alternative finance available to the UK's smaller businesses, while also generating a commercial return for the UK taxpayer. Its latest figures showed it made a profit before tax of £189.4m,...