What we did to achieve our goals in the last year
In 2015–16, against our four Key Performance Indicators we have delivered:
- an increase of 45% in the total stock of finance offered through the Bank’s programmes
- increased support for diversity in the market by working overwhelmingly through smaller banks, non-banks, alternative lenders and equity investors
- better information on finance options, contributing to an increased awareness of alternative finance options amongst SMEs
- a 2.0% return on capital, exceeding the target set by Government.
We have achieved this in the British Business Bank’s first year of operation. We continue to develop new programmes to ensure we are responsive to market needs and Government priorities – particularly in growth, innovation and the regions.