Investment of an additional £30m by the British Business Bank into Beach Point Capital announced
The British Business Bank (BBB) has increased its commitment to Beach Point Capital UK's SME lending fund from £20 million to £50 million, as reported in August 2025. This additional £30 million aims to support high-growth Small and Medium-sized Enterprises (SMEs), particularly focusing on Northern Ireland, Scotland, and the North of England.
The increased commitment serves several objectives:
- Addressing the equity gap for SMEs by providing flexible capital at critical growth stages.
- Supporting regional economic growth and employment by targeting funding to regions outside London and the South East where businesses may face more challenges accessing finance.
- Backing high-growth businesses in the UK’s Nations and regions to reduce regional economic imbalances.
- Helping SMEs access finance for expansion, acquisitions, management buy-outs, and capital investment programs.
Beach Point Capital UK, founded in 2009 and managing over $19 billion in assets, has already invested £16 million with a further £3 million committed into 26 businesses across these regions, surpassing its initial £10 million minimum target for Northern Ireland alone. The firm, which expanded into the UK market in 2022, brings extensive experience in managing private credit funds.
This increased funding through the BBB is expected to drive economic expansion and employment growth in Northern Ireland, Scotland, and the North of England. Access to flexible, private credit is crucial for SME success in these regions, and this commitment aligns with the BBB's broader initiatives to support diverse and regional fund managers and increase SME finance availability across the UK.
Shane Lanigan, Portfolio Manager at Beach Point Capital UK, stated that the additional funding will help address the equity gap and provide flexible capital at critical moments in SMEs' business journeys. Adam Kelly, Managing Director and Co-head of Funds at the BBB, added that the increased commitment will help back high-growth businesses across the UK's Nations and regions.
[1] Beach Point Capital UK Press Release, August 2025. [2] British Business Bank Press Release, August 2025. [3] Data on SME finance supported by the BBB in 2024/25 is not provided in the original paragraph. (Source: Read more) [4] Information about the types of businesses that have received funding or the industries they operate in is not provided in the original paragraph. [5] Information about the timeline for the distribution of the £50m commitment is not provided in the original paragraph.
- The increased commitment from the British Business Bank to Beach Point Capital UK's SME lending fund will allow the firm to help SMEs access finance for expansion, acquisitions, management buy-outs, and capital investment programs, thereby backing high-growth businesses in the UK’s Nations and regions.
- As Beach Point Capital UK expands its relationship with the British Business Bank, the focus on investing in high-growth SMEs, particularly in Northern Ireland, Scotland, and the North of England, will contribute to addressing the equity gap for these businesses by providing flexible capital at critical growth stages.
