Innovate UK and the British Business Bank have signed a Memorandum of Understanding to strengthen their collaboration. The intention is to further support the growth of UK businesses. Their aim is primarily to provide improved support for businesses seeking funding from either Organisation. The objective being to promote growth across the UK, by developing tailored offerings for smaller businesses (SMEs). Over the next 12 months, the two organisations will work together to establish clear pathways for collaboration and co-create events. 

BFS Comment:

Anything that actually and effectively increases the flow of funds to British business has to be applauded, as long as measures are taken to ensure those funds are not squandered by the recipients! If you need finance for your business but are struggling to find a suiatble source then call us at BFS on 0800 093 5240.