Mango Bikes is among the companies to have benefited from the British Business Bank Not knownEver since the state-owned British Business Bank was established three years ago, it has attracted criticism from some quarters that it lacked the scale to make a lasting difference to small and medium-sized companies. After the announcement last week that it was to benefit from £2.5 billion to set up a “patient capital fund” to help companies to secure finance, Keith Morgan, its chief executive, may be wondering now if he will be left to get on with his job in peace. The bank was established by Sir Vince Cable, the Liberal Democrat leader and former business secretary, to increase the supply of finance to entrepreneurs and to fill gaps left by the private sector. It provided £9.2 billion of wholesale capital last year through…

Source: The Times November 28, 2017 00:00 UTC