191. Is The Government’s British Business Bank Bold Enough?

The Rest Is Money

Goalhanger

News, Business, Politics

3.6 • 1.1K Ratings

🗓️ 20 July 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the British Business Bank taking enough risk to close the funding gap that holds back UK enterprises? How do we stop the unicorns relocating to the US? Do we need a new name for and whole new approach to pension savings? Steph and Robert talk to the government-owned bank’s chair Stephen Welton about what he’ll do with all the extra billions Rachel Reeves has allocated him to support small businesses. We appreciate your feedback on The Rest Is Money to help make the podcast and our partnerships better: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://opinion-v2.askattest.com/app/41f5060f-0f52-45bc-bf86-bf3c9793618e?language=ENG⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up to our newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get more stories from the world of business and finance. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠https://⁠⁠⁠goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Visit: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://monzo.com/therestismoney⁠⁠⁠/⁠⁠⁠⁠⁠⁠⁠⁠ Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You should be backing ventures that contribute significantly to the growth rate and the prosperity of the economy.
0:08.8	Surely you're being too risk-averse.
0:10.5	The bank, through its delivery partners, has backed over 50% of all the unicorns in Britain to date.
0:15.8	In recent years, it has also started to make direct investments in individual companies. That has just been
0:22.3	increased in the spending review to an ability to make investments of up to £60 million in an
0:27.5	individual company. We will finally be able to start addressing the much talked about scale-up gap.
0:35.0	Monzo Business is the proud partner of The Rest is Money.
0:38.3	Now, did you know that over 600,000 businesses are already banking with Monzo Business, and mine is one of them?
0:45.5	To celebrate us teaming up, we've got a special offer for you.
0:48.8	New customers get Monzo Business Pro or team for free for the first six months.
0:54.5	Just head to Monzo.com slash the rest is money to claim it for your business.
0:59.8	Now maybe you run your own company and you're looking for a bank with the solutions to make
1:05.0	your financial admin easier like expense cards that help your team serve loads of time
1:10.5	as your business grows.
1:12.4	Just go to monzoor.com forward slash the rest is money to learn more about the special offer
1:17.8	and find out which of their plans is right for you.
1:21.1	Offer is available to new Monzoa business customers only for either Pro or team plan.
1:25.6	Offer ends on the 31st of July 2025. After the offer period ends,
1:30.3	pro will be £9 a month and team from £25 a month. Expense cards are only available with team.
1:37.2	Only sole traders or limited company directors in the UK can apply. T's and Cs apply.
1:46.2	This episode is brought to you by NS&I.
1:49.5	Now, saving with premium bonds gives you the chance each month to win tax-free prizes in the
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