British Business Bank increases commitment to Beach Point Capital UK to £50m

The British Business Bank has announced an increased commitment to Beach Point Capital UK’s dedicated UK SME lending fund, taking the Bank’s total commitment to £50m. The increased commitment will provide additional lending capacity, supporting smaller businesses with growth ambitions across the UK. The British Business Bank previously backed the fund in July 2022.

Since the Bank’s initial commitment, Beach Point Capital UK has invested into 26 businesses across all UK regions with a particular focus on Northern Ireland, Scotland and the North of England. Its flexible loans are supporting smaller business growth and operations and in turn providing employment and economic expansion across the Nations and regions of the UK.

The fund’s original target of a minimum £10m to be invested in Northern Irish SMEs has been surpassed with £16m invested and a further £3m committed to four high growth SMEs in the region.

This increased commitment from British Business Bank will ensure Beach Point Capital UK can continue to support promising smaller businesses, and meet the strong demand for growth capital. Beach Point Capital UK will continue to focus on fast-growing, smaller businesses in the UK and Ireland, specifically focusing on regional markets.

Adam Kelly, Managing Director and Co-Head of Funds, British Business Bank said:
“We are proud to continue our partnership with Beach Point Capital UK, which has provided vital support to smaller businesses in the UK’s Nations and regions. By increasing our commitment, we can continue to back high growth businesses across the UK’s Nations and regions, address regional imbalances and drive employment and economic expansion across the whole of the UK.”

Shane Lanigan, Portfolio Manager, Beach Point Capital UK, said:
“We are delighted to receive the British Business Bank’s continued support. SMEs are the cornerstone of the UK economy, from a jobs, growth and a regional economic perspective. This additional funding will help us to address the equity gap and provide flexible capital at critical moments in SMEs’ business journeys. We look forward to identifying new investment opportunities and helping budding entrepreneurs across all regions of the economy.”

About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.

The Investment Programme is operated by British Business Investments Ltd, a wholly owned commercial subsidiary of British Business Bank plc. British Business Investments Ltd is registered in England and Wales with company number 09091930, and registered office at Steel City House, West Street, Sheffield, S1 2GQ.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party of Beach Point Capital UK or its products or services.

About Beach Point Capital Group
Beach Point Capital Management LP (BPCM) is a multi-billion dollar global investment manager specialising in credit-related investments. Founded in 2009, the firm employs a flexible, value-oriented, and risk-controlled approach and focuses on complex and less followed opportunities. As of March 31, 2025, BPCM manages over US$19bn in assets under management on behalf of global institutional investors and has offices in London, Dublin, California, and New York.

Source: British Business Bank