Under the strategy, the Bank will significantly expand its investment activity, take on higher levels of portfolio risk and direct more support to scale-ups, regional clusters and science-based industries identified in the Government's Modern Industrial Strategy. It intends to increase annual deployment by two-thirds, unlocking a projected £26 billion of private capital alongside £13 billion of public funding, and enabling up to £10 billion in small business lending through guarantees.
Imagine a world where every small business has the power to thrive. That's the world we're building at iwoca. Small businesses aren't just statistics - they're the heartbeat of our communities, the character of our high streets, and the engine of our economy. Since 2012, we've revolutionised how these businesses access finance, turning what was once a lengthy, frustrating process into something remarkable: funding that's fast, flexible, and actually works for modern businesses.