Non Executive Director

Overview

Non Executive Directors — Sheffield and London

The British Business Bank (BBB) is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start and scale in the UK. Wholly owned by the Department for Business and Trade but independently managed, its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance interventions for the UK government, involving both investment and banking programmes.

The Bank’s core debt and equity programmes now support over £23bn of finance to almost 64,000 smaller businesses, across the whole spectrum of developmental state, from start-ups and scale-ups to viable but underfunded.

The Board is now seeking to appoint three new Non-Executive Directors. These individuals will bring senior leadership experience, gained either as an executive or investor, in one of the eight “growth-driving” sectors defined in the UK’s Modern Industrial Strategy, namely advanced manufacturing; clean energy industries; creative industries; defence; digital & technology; financial services; life sciences; or professional and business services. They will contribute to the BBB’s Board a strong understanding of emerging themes, market dynamics, financing needs, challenges, and growth pathways of businesses operating in that sector, including scale-ups and high-growth firms, and offer strategic advice on how BBB can best deploy its increased financial capacity to support businesses in priority sectors.

Sector focus — the eight growth-driving sectors are:

• Advanced manufacturing
• Clean energy industries
• Creative industries
• Defence
• Digital & technology
• Financial services
• Life sciences
• Professional and business services

Essential criteria will include relevant knowledge and experience of the above sectors, as well as the relationship building, communication capabilities, judgement, and collaborative style to add value to the board of the British Business Bank.

This is an opportunity to contribute to the strategic priorities of the British Business Bank: to support the UK’s most promising businesses in the Industrial Strategy priority sectors to scale and stay here, to make finance markets work better for smaller businesses, to unlock the potential in people and places, and to mobilise institutional capital  British Business Bank works to drive sustainable growth and prosperity across the UK, and enable the transition to a net zero economy, by supporting access to finance for smaller businesses, and the Board plays a critical role in this.

The British Business Bank has retained Russell Reynolds Associates to advise on this appointment.