British Business Bank makes a £122mn loss as tech valuations fall

British business bank posts $122mm loss amid tech valuation drop

The British Business Bank, a government-owned economic development institution, has reported a £122 million loss for the year ending March 2024. Despite this setback, the bank also achieved a record level of commitments, providing significant support to small and medium-sized enterprises (SMEs) across the UK. Losses Amid Record Commitments The bank’s financial results highlight the … Read more