Overview

• In 2024/25 the bank provided £6.8bn of finance to 28,000 smaller firms by combining £1.2bn of public funding with guarantees and £3bn of private capital.
• The financing is expected to generate 38,000 new jobs, deliver £18bn in additional business turnover and contribute £8bn in gross value added over the life of the funding.
• Eighty-four percent of support was directed outside London, ensuring each UK nation and region receives at least a £100m boost to economic output.
• Regional schemes such as the £400m Midlands Engine Investment Fund II and the £660m Northern Powerhouse Investment Fund II have unlocked over £117m in combined bank and private investment.
• In the East of England, £800m in funding to 2,200 firms is projected to create 3,000 jobs and sustain 24,400 roles, while backing for 800 North East businesses is set to support 8,200 jobs and drive 900 new positions.