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British Business Bank

British Business Bank

Government

The British Business Bank is a government-owned development bank created to increase the supply and diversity of finance for smaller businesses in the UK.

Portfolio

44

companies

AUM

£23.0B

under management

Investment by month

By category

  • FinTech£1.6B
  • Quantum Computing£378M
  • DefenceTech£160M
  • BioTech£140M
  • AI/ML£134M
  • Other£104M

By location

  • Newport£1.5B
  • London£396M
  • Oxford£260M
  • Segensworth£130M
  • Cambridge£66.9M
  • Other£138M

Portfolio companies

AD

AMPLY Discovery

AMPLY Discovery develops therapeutic programmes using artificial intelligence and experimental testing.

AS

Aspia Space

Aspia Space provides cloud-free satellite imaging and land intelligence data through proprietary artificial intelligence.

B

BDD

BDD develops drug formulation technology and provides specialist clinical trial services for the pharmaceutical sector.

B

Baanx

Baanx develops cryptocurrency payment solutions and non-custodial on-chain products.

CE

Certain Energy

Certain Energy develops manganese-based long-duration energy storage systems for electricity grids.

CH

Cyted Health

Cyted Health develops gastrointestinal molecular diagnostics for early esophageal disease detection.

View all 44 companies
C

Cytomos

Cytomos develops a proprietary cell analysis platform for the biopharma industry.

D

Dataline

Dataline provides software that cleans and prepares corporate data for artificial intelligence queries.

Dataline Labs

Dataline Labs

Dataline Labs delivers AI-powered data analysis and insights for enterprises and defence organisations.

Dexory

Dexory

Dexory provides autonomous robotics and data intelligence platforms for warehouse operations.

E

EpilepsyGTx

EpilepsyGTx develops targeted gene therapies for focal refractory epilepsy.

HalalBooking

HalalBooking

HalalBooking provides an online travel booking platform tailored for halal-conscious consumers.

IB

IMU Biosciences

Mapping the human immune system through advanced blood analysis.

Ineffable Intelligence

Ineffable Intelligence

Ineffable Intelligence develops advanced artificial intelligence systems through reinforcement learning and experience.

IM

Inyanga Marine Energy Group

Inyanga Marine Energy Group develops offshore renewable energy and tidal technology projects.

JECO

JECO

JECO offers an automated toolset for video game developers to streamline software production and reduce carbon consumption.

KT

Kraken Technology Group

Kraken Technology Group manufactures advanced uncrewed marine vessels for defence and security.

ML

Machine Labs

Machine Labs provides an automated e-commerce marketing platform for online stores.

NT

NRG Therapeutics

NRG Therapeutics develops mitochondrial-targeted treatments for neurodegenerative conditions.

N

Nisien

Artificial intelligence startup developing real time tools to detect and classify online harms.

Nuclera

Nuclera

Nuclera builds desktop bioprinters to accelerate protein expression and research workflows.

Oxford Quantum Circuits

Oxford Quantum Circuits

Oxford Quantum Circuits develops advanced quantum computing hardware using patented 3D architecture.

P

Payr

Payr provides a flexible card payment platform for rental transactions.

PolyAI

PolyAI

PolyAI builds advanced voice assistants for enterprise customer service.

Pontiro

Pontiro

Pontiro provides compliant medical imaging infrastructure and automated tools for hospital systems.

PB

Portal Biotech

Portal Biotech delivers single-molecule protein sequencing technology to transform proteomics and drug discovery.

PP

Promethean Particles

Promethean Particles manufactures high-value nanomaterials at scale for applications such as carbon capture.

PF

Propel Finance

Propel Finance provides asset finance to help small and medium-sized enterprises acquire essential equipment.

QuantuMDx

QuantuMDx

QuantuMDx builds rapid point of care PCR diagnostic devices.

QM

Quantum Motion

Quantum Motion builds silicon transistor-based quantum computers designed for standard data-centre racks.

RS

Recruitment Smart

Recruitment Smart builds artificial intelligence software for enterprise talent acquisition.

R

Regeno

Regeno develops modular, ground-serviced wind turbines to make wind power more accessible.

Ryft

Ryft

Ryft provides an omnichannel payment platform that unifies online and in-person transactions.

S

SatVu

SatVu provides high-resolution thermal imagery from space for defence and security intelligence.

SF

Space Forge

Space Forge pioneers in-orbit manufacturing to produce advanced materials in microgravity.

S

Stream

Stream provides workplace financial tools for workers to manage earnings, savings, and pensions.

S

Sweep

Sweep provides automated expense and travel management software for small and medium sized businesses.

T

Triyit

Triyit operates a marketing technology platform connecting brands with target consumers through performance sampling.

True Position Robotics

True Position Robotics

True Position Robotics develops automated assembly systems for aircraft manufacturing.

TruePlayers

TruePlayers

Cornwall games studio developing PC and console simulation titles.

VA

Vigilant AI

Vigilant AI builds compliance and governance platforms for artificial intelligence workflows in regulated sectors.

Vigilant AI.ai

Vigilant AI.ai

Vigilant AI.ai builds compliant artificial intelligence teammates for regulated businesses.

W

Wayve

Wayve builds end-to-end artificial intelligence software for autonomous vehicles.

e

e-Bate

Software firm providing a platform to manage corporate rebate and incentive schemes.


Team

Grant Peggie

Grant Peggie

Grant brings venture capital and public sector funding experience from roles at the British Business Bank, FW Capital, and the Department for Business, Innovation and Skills.

LinkedIn
Sue Barnard

Sue Barnard

Senior Investment Manager

Sue brings regional investment and business support experience from roles at the British Business Bank, Business Growth Hub, and the North West Development Agency.

LinkedIn
MW

Mark Wilcockson

Senior Investment Manager

Mark brings investment and regional fund experience from his time as a senior manager at the British Business Bank. He previously held roles focusing on the Northern Powerhouse Investment Fund and NHS England.

LinkedIn
Sean Hutchinson

Sean Hutchinson

Sean brings investment and financial institution experience from roles at the British Business Bank, Finance Yorkshire, and the South Yorkshire Investment Fund.

LinkedIn
Ken Cooper

Ken Cooper

Managing Director, Venture Solutions

Ken brings extensive fund of funds and venture capital management experience from roles at the British Business Bank, Capital for Enterprise, and the European Venture Fund Investors Network.

LinkedIn
Lewis Stringer

Lewis Stringer

Senior Manager

Lewis brings regional funding experience from roles at the British Business Bank, Nottingham City Council, and Capital for Enterprise.

LinkedIn
View all 26 team members
RC

Ryan Cartwright

senior manager

Ryan brings investment and banking experience from roles at Frontier Development Capital, The FSE Group, and the British Business Bank.

LinkedIn
ME

Melanie Ellyard

TS

Tracy Sherratt

Senior Manager UK Network

Keira Shepperson

Keira Shepperson

Director

Keira brings extensive experience directing regional funds and state-backed investment schemes at the British Business Bank. She also contributes governance expertise as a committee chair and non-executive member across public bodies including the Parole Board and the UK Space Agency.

LinkedIn
Debbie Sorby

Debbie Sorby

Senior Investment Manager

Debbie brings investment and portfolio management experience from roles at the British Business Bank, BGF, Midven, and YFM Equity Partners.

LinkedIn
SN

Sarah Newbould

Senior Investment Manager

Sarah is a senior investment manager at the British Business Bank, where she has managed regional funds, growth loans, and enterprise capital funds since 2013.

LinkedIn
Simon Cunnington

Simon Cunnington

Director

Simon brings investment and portfolio management experience from roles at the British Business Bank, Nottinghamshire County Council, and Border To Coast Pensions Partnership.

LinkedIn
MS

Mark Sterritt

Senior Director, Nations and Regions Investment Funds

Mark brings investment and banking experience from roles at the British Business Bank, InterTradeIreland, and Ulster Bank.

LinkedIn
PJ

Paul Jones

Senior Investment Manager

Lizzy Upton

Lizzy Upton

Senior Investment Manager

Lizzy brings policy and investment experience from her time at the British Business Bank and HM Treasury. She currently serves as a senior investment manager on the nations and regions investment funds team.

LinkedIn
DT

Dave Tindall

Senior Investment Manager

Dave is a Senior Investment Manager at the British Business Bank. He previously held finance and operations roles at the same institution and at Royal Mail.

LinkedIn
CC

Carmine Circelli

Senior Investment Director, Life Sciences

Carmine brings life sciences investment experience as Senior Director at the British Business Bank. He also serves as a board member across several therapeutics and health companies.

LinkedIn
DT

David Tindall

Senior Investment Manager

David brings investment and finance experience from roles at the British Business Bank and Royal Mail.

George Mills

George Mills

Investment Director

George serves as an investment director at the British Business Bank. He also holds board observer and non-executive director roles across several technology companies.

LinkedIn
LT

Louis Taylor

CEO

LK

Leandros Kalisperas

Chief Investment Officer

CL

Charlotte Lawrence

Managing Director of Direct Equity

Charlotte serves as Managing Director and Head of Direct Equity at the British Business Bank, following roles including Managing Director at PSG and committee experience at Albion Capital Group.

LinkedIn
Mark Barry

Mark Barry

Senior Investment Director

Mark brings investment experience from the British Business Bank and British Business Investments. He also serves as a board member at Lunio.

LinkedIn
BB

Bethan Bannister

Senior Investment Manager, Nations and Regions Investment Funds

DE

Delyth Edwards

Senior Manager for the North West of England

Delyth brings regional business incubation and development experience from roles at the British Business Bank, STFC, and Liverpool Innovation Park. She previously managed incubation programmes and innovation initiatives across the North West and Wales.

LinkedIn

Recent investments

Series A
£10.0M

The British Business Bank led a £10m funding round to support international demonstration projects and research.

"The renewable power market is held back by its vulnerability to external factors. The answer is long-duration energy storage, and Certain Energy has the technology and now the funding to deliver highly efficient, affordable batteries, based on abundant materials, to make this a reality."
— Mark Selby, Executive Chair
Series B
$175M

The funding round was led by DTCP and values the British maritime defence company at over $1bn.

"Kraken is excited to be partnering with DTCP, leading such a prestigious group of European and international investors. This significant funding round will accelerate Kraken’s global roll-out, enabling the deployment of hardened, reliable, mission-ready capabilities for NATO and its worldwide partners at an unprecedented scale in the maritime domain,"
— Mal Crease, Founder and CEO
Series C
£260M

Bullhound Capital led the Series C financing, which stands as Europe's largest private quantum funding round.

"Globally, it represents a clear shift in the market from long-term promise to near-term delivery in quantum computing. For OQC, this gives us the capital to scale internationally, advance our technology roadmap, and meet increasing demand from customers seeking secure, scalable access to quantum computing infrastructure."
— Gerald Mullally, CEO
Series A
$53.0M

The oversubscribed round was co-led by IQ Capital and Molten Ventures to expand the company's immune profiling platform.

"When we first invested in IMU in 2024, we believed deep immune profiling combined with AI could transform precision medicine. Since then, the team has consistently delivered. The immune system sits at the heart of almost every disease, and IMU’s ability to analyse it at this resolution could redefine how treatments are matched to patients. We’re proud to be IMU’s largest shareholder and excited to support the company’s next phase of growth."
— Inga Deakin, Partner
Series C
£118M

The funding round was co-led by DCVC and Kembara with participation from the British Business Bank and Firgun.

"Today's announcement reflects the strength of the team we have built and the progress they have delivered. Quantum computing will only achieve its full potential if it can be built on a platform that scales, and we believe silicon is the strongest route to achieving that. We are pleased to be joined by investors who share our vision and understand what it takes to build a foundational company in this field."
— James Palles-Dimmock, CEO