{"id":503,"date":"2023-10-13T12:40:02","date_gmt":"2023-10-13T12:40:02","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/british-business-bank-reports-sme-finance-trends-130-million-fund-for-wales\/"},"modified":"2023-10-13T12:40:03","modified_gmt":"2023-10-13T12:40:03","slug":"british-business-bank-reports-sme-finance-trends-130-million-fund-for-wales","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=503","title":{"rendered":"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales"},"content":{"rendered":"
\n

The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized enterprise (SME) finance across different regions of the UK, as of Friday.<\/p>\n

In Wales, the report showed a significant decrease in external finance usage among smaller businesses, dropping from 50% to 37%. This reduction is largely attributed to the cessation of COVID-related financial support schemes. Additionally, grant usage saw a substantial decrease from 16% to 9%. Despite these downward trends, small business bank loans and leasing\/hire purchase\/vehicle finance remained popular options, accounting for 15% and 11% usage respectively. On a brighter note, there was a 19% surge in equity deals, despite a 10% reduction in their value. The report highlighted the instrumental role of academic spinouts in propelling equity activity within innovation-led clusters in Swansea, Cardiff, and Newport. To stimulate SME growth, the British Bank is preparing to introduce a \u00a3130 million investment fund for Wales.<\/p>\n

In the West Midlands, there has been a resurgence in external finance use among smaller businesses, following a dip in 2022. However, equity finance saw a downturn with 10% fewer deals and a 22% investment decrease. The bank managed to support 733 businesses during fiscal year 2022\/23, marking a 6% increase from the previous year. Half of these businesses predict a need for finance in the near future, with 30% prepared to harness it for growth.<\/p>\n

For Gloucestershire and the South West region, there was a recovery among small businesses after a decline in external finance use in 2022. The resurgence is attributed to universities fostering innovation-led clusters across the UK. Early 2023 data indicates this recovery trend continues with national external finance use returning to 43%, and 42% of South West small businesses expecting to need such finance. Beauhurst’s data collection noted a first year-on-year decline in equity deals outside London since 2011 (-10%), with total investment value also falling (-11%). To address this, the \u00a3200m South West Investment Fund was launched this year, part of a series delivering \u00a31.6 billion across regions, promising a positive future for small business finance.<\/p>\n

Louis Taylor, CEO of the state-run BBB, and Dr. Sophie Dale-Black, UK network director for the Midlands at the British Business Bank, have both expressed optimism about the future prospects of SME finance in their respective regions.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized enterprise (SME) finance across different regions of the UK, as of Friday. In Wales, the report showed a significant decrease in external finance usage among smaller businesses, dropping from 50% to 37%. This reduction is largely attributed to the cessation of COVID-related financial support schemes. Additionally, grant usage saw a substantial decrease from 16% to 9%. Despite these downward trends, small business bank loans and leasing\/hire purchase\/vehicle finance remained popular options, accounting for 15% and 11% usage<\/p>\n","protected":false},"author":1,"featured_media":504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nBritish Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=503\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund\" \/>\n<meta property=\"og:description\" content=\"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized\" \/>\n<meta property=\"og:url\" content=\"https:\/\/connectwithfund.com\/?p=503\" \/>\n<meta property=\"og:site_name\" content=\"ConnectWithFund\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T12:40:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-13T12:40:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/STOCK-EXCHANGE-RUSSIAN-TRADING-SYSTEMS_800x533_L_1414427815.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/connectwithfund.com\/?p=503\",\"url\":\"https:\/\/connectwithfund.com\/?p=503\",\"name\":\"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund\",\"isPartOf\":{\"@id\":\"https:\/\/connectwithfund.com\/#website\"},\"datePublished\":\"2023-10-13T12:40:02+00:00\",\"dateModified\":\"2023-10-13T12:40:03+00:00\",\"author\":{\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\"},\"description\":\"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized\",\"breadcrumb\":{\"@id\":\"https:\/\/connectwithfund.com\/?p=503#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/connectwithfund.com\/?p=503\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/connectwithfund.com\/?p=503#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/connectwithfund.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/connectwithfund.com\/#website\",\"url\":\"https:\/\/connectwithfund.com\/\",\"name\":\"FinMarkPros\",\"description\":\"Latest Finance News and Updates\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/connectwithfund.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/connectwithfund.com\"],\"url\":\"https:\/\/connectwithfund.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund","description":"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/connectwithfund.com\/?p=503","og_locale":"en_US","og_type":"article","og_title":"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund","og_description":"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized","og_url":"https:\/\/connectwithfund.com\/?p=503","og_site_name":"ConnectWithFund","article_published_time":"2023-10-13T12:40:02+00:00","article_modified_time":"2023-10-13T12:40:03+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/STOCK-EXCHANGE-RUSSIAN-TRADING-SYSTEMS_800x533_L_1414427815.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/connectwithfund.com\/?p=503","url":"https:\/\/connectwithfund.com\/?p=503","name":"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales | ConnectWithFund","isPartOf":{"@id":"https:\/\/connectwithfund.com\/#website"},"datePublished":"2023-10-13T12:40:02+00:00","dateModified":"2023-10-13T12:40:03+00:00","author":{"@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52"},"description":"The British Business Bank (BBB) has released its latest Nations and Regions Tracker report, indicating a variety of trends in small and medium-sized","breadcrumb":{"@id":"https:\/\/connectwithfund.com\/?p=503#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/connectwithfund.com\/?p=503"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/connectwithfund.com\/?p=503#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/connectwithfund.com\/"},{"@type":"ListItem","position":2,"name":"British Business Bank reports SME finance trends, \u00a3130 million fund for Wales"}]},{"@type":"WebSite","@id":"https:\/\/connectwithfund.com\/#website","url":"https:\/\/connectwithfund.com\/","name":"FinMarkPros","description":"Latest Finance News and Updates","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/connectwithfund.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/connectwithfund.com"],"url":"https:\/\/connectwithfund.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=503"}],"version-history":[{"count":1,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/503\/revisions"}],"predecessor-version":[{"id":505,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/503\/revisions\/505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/media\/504"}],"wp:attachment":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}