British Business Bank

This state-backed economic development bank supports economic growth by bringing together existing government finance initiatives under one organisation simplifying access to finance for SMEs

These solutions generate over £660m of new lending and investment for smaller UK businesses on an annualised basis.

Enterprise Capital Fund (ECF)

The Enterprise Capital Fund is supported with £26 million from the government-owned British Business Bank. The fund will offer a total investment capacity of £40 million designed to specifically help rapid growth businesses scale up. Active Private Equity, which specialises in helping consumer-focused businesses grow their brands and build the infrastructure needed to scale up successfully, will run the fund.

Active invests where there is potential for rapid growth, and the new Active ECF will focus on early-stage founder-led businesses. The British Business Bank will provide £24m of the fund's £40m investment capacity.

"The government-owned British Business Bank is helping more than 48,000 businesses with over £3.1bn of support, much of it going to those with high-growth potential."

Small Business Minster, Margot James

There is over £690m investment capacity in ECF funds

Enterprise Capital Funds are funds that combine private and public money to make equity investments in high growth businesses.  The programme invests into funds on terms that improve the outcome for private investors when those funds are successful.  This is done to encourage venture capital funds to operate in a part of the market where smaller businesses are not able to access the growth capital they need.

"This important new fund will enable more UK smaller businesses to get the investment and support they need to scale up successfully.  Our Enterprise Capital Funds are a significant part of the UK's early stage venture capital ecosystem, and the establishment of the new Active ECF brings the programme's total investment capability to over £730m."

Keith Morgan, British Business Bank CEO

For more information contact:

Service Provider

British Business Bank


Keith Morgan




Department for Business, Innovation and Skills, 1 Victoria Street, London, SW1H 0ET