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British Business Bank
British Business Bank plc (BBB) is a British state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium-sized enterprises as well as providing business advice services. It is structured as a public limited company and is owned by the Department for Business and Trade (formerly known as the Department of Business, Innovation and Skills or BIS). The bank has its headquarters in Sheffield. History The intention to create a business bank was first announced by the Secretary of State for Business, Innovation and Skills, Vince Cable, in September 2012 with an initial £1 billion of government funding. The aim was to bring a number of government financial schemes, advice services and expertise together, creating a one-stop shop for small and medium-sized enterprises (SMEs) to go to. From 1 October 2013, Capital for Enterprise Limited, BIS SME policy teams and private sector expertise were brought togeth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One-stop Shop
A one-stop shop (OSS), in public administration, is a government office where multiple services are offered, allowing customers to access these services in a centralized location rather than in different places. The term originated in the United States in the late 1920s or early 1930s to describe a business model offering customers the convenience of having multiple needs met in one physical location, as with department stores and big-box stores, which offer a wide variety of products. The phrase is frequently used as slang to describe everything from websites to television shows and mobile apps where people can find most of what they need, including information, in a single place. Public administration One-stop shops are an element of New Public Management with a focus on improving the delivery of government services to citizens. Drawing on observed successes in the private sector's model for delivering consumer-centric service to enhance customer satisfaction, government enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birmingham
Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands, within the wider West Midlands (region), West Midlands region, in England. It is the List of English districts by population, largest local authority district in England by population and the second-largest city in Britain – commonly referred to as the second city of the United Kingdom – with a population of million people in the city proper in . Birmingham borders the Black Country to its west and, together with the city of Wolverhampton and towns including Dudley and Solihull, forms the West Midlands conurbation. The royal town of Sutton Coldfield is incorporated within the city limits to the northeast. The urban area has a population of 2.65million. Located in the West Midlands (region), West Midlands region of England, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manchester
Manchester () is a city and the metropolitan borough of Greater Manchester, England. It had an estimated population of in . Greater Manchester is the third-most populous metropolitan area in the United Kingdom, with a population of 2.92 million, and the largest in Northern England. It borders the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The city borders the boroughs of Trafford, Metropolitan Borough of Stockport, Stockport, Tameside, Metropolitan Borough of Oldham, Oldham, Metropolitan Borough of Rochdale, Rochdale, Metropolitan Borough of Bury, Bury and City of Salford, Salford. The history of Manchester began with the civilian settlement associated with the Roman fort (''castra'') of Mamucium, ''Mamucium'' or ''Mancunium'', established on a sandstone bluff near the confluence of the rivers River Medlock, Medlock and River Irwell, Irwell. Throughout the Middle Ages, Manchester remained a ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edinburgh
Edinburgh is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. The city is located in southeast Scotland and is bounded to the north by the Firth of Forth and to the south by the Pentland Hills. Edinburgh had a population of in , making it the List of towns and cities in Scotland by population, second-most populous city in Scotland and the List of cities in the United Kingdom, seventh-most populous in the United Kingdom. The Functional urban area, wider metropolitan area had a population of 912,490 in the same year. Recognised as the capital of Scotland since at least the 15th century, Edinburgh is the seat of the Scottish Government, the Scottish Parliament, the Courts of Scotland, highest courts in Scotland, and the Palace of Holyroodhouse, the official residence of the Monarchy of the United Kingdom, British monarch in Scotland. It is also the annual venue of the General Assembly of the Church of Scotland. The city has long been a cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Fund
The European Investment Fund (EIF), established in 1994, is a financial institution for the provision of finance to SMEs (small and medium-sized enterprises), headquartered in Luxembourg. It is part of the European Investment Bank Group. It does not lend money to SMEs directly; rather it provides finance through private banks and funds. Its main operations are in the areas of venture capital and guaranteeing loans. Its shareholders are: the European Investment Bank (62%); the European Union, represented by the European Commission (29%); and 30 financial institutions (9%). The European Investment Bank Group is able to assist the development of a broader creative, green ecosystem through the European Investment Fund: venture capital funds, technical transfer, business perspectives, and private-sector equity (infrastructure funds) in general. Since 2015, the EaSI Guarantee Instrument (EU Programme for Employment and Social Innovation), managed by the European Investment Fund, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brexit
Brexit (, a portmanteau of "Britain" and "Exit") was the Withdrawal from the European Union, withdrawal of the United Kingdom (UK) from the European Union (EU). Brexit officially took place at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 Central European Time, CET). The UK, which joined the EU's precursors the European Communities (EC) on 1 January 1973, is the only member state to have withdrawn from the EU, although the territories of Greenland (part of the Kingdom of Denmark) previously left the EC in 1985 and Algeria (formerly French Algeria, part of France) left in 1976. Following Brexit, EU law and the Court of Justice of the European Union no longer have Primacy of European Union law, primacy over British laws but the UK remains legally bound by obligations in the various treaties it has with other countries around the world, including many with EU member states and indeed with the EU itself. The European Union (Withdrawal) Act 2018 retains relevant EU law as La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theresa May
Theresa Mary May, Baroness May of Maidenhead (; ; born 1 October 1956), is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served as Home Secretary from 2010 to 2016. She was Member of Parliament (MP) for Maidenhead from 1997 to 2024, and has been a member of the House of Lords since August 2024. May was the second female British prime minister, after Margaret Thatcher, and the first woman to have held two of the Great Offices of State. May is a one-nation conservative. May grew up in Oxfordshire and attended St Hugh's College, Oxford. After graduating in 1977, she worked at the Bank of England and the Association for Payment Clearing Services. She also served as a councillor on Merton London Borough Council. After two unsuccessful attempts to be elected to the House of Commons, she was elected MP for Maidenhead at the 1997 general election. From 1999 to 2010, May held several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister
A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but rather the head of government, serving as the chief of the executive under either a monarch or a president in a republican form of government. In parliamentary systems of government (be they constitutional monarchies or parliamentary republics), the Prime Minister (or occasionally a similar post with a different title, such as the Chancellor of Germany) is the most powerful politician and the functional leader of the state, by virtue of commanding the confidence of the legislature. The head of state is typically a ceremonial officer, though they may exercise reserve powers to check the Prime Minister in unusual situations. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or the most s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 United Kingdom General Election
The 2017 United Kingdom general election was held on Thursday 8 June 2017, two years after the 2015 United Kingdom general election, previous general election in 2015; it was the first since 1992 United Kingdom general election, 1992 to be held on a day that did not coincide with any local elections. The governing Conservative Party (UK), Conservative Party led by Prime Minister of the United Kingdom, Prime Minister Theresa May remained the largest single party in the House of Commons but lost its small overall majority, resulting in the formation of a Conservative minority government with a confidence and supply Conservative–DUP agreement, agreement with the Democratic Unionist Party (DUP) of Northern Ireland. The Conservative Party, which had governed as a senior Cameron–Clegg coalition, coalition partner from 2010 United Kingdom general election, 2010 and as a single-party majority government from 2015 United Kingdom general election, 2015, was led by May as Prime Ministe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Commission
The European Commission (EC) is the primary executive arm of the European Union (EU). It operates as a cabinet government, with a number of members of the Commission ( directorial system, informally known as "commissioners") corresponding to two thirds of the number of member states, unless the European Council, acting unanimously, decides to alter this number. The current number of commissioners is 27, including the president. It includes an administrative body of about 32,000 European civil servants. The commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a director-general who is responsible to a commissioner. Currently, there is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission president (currently Ursula von der Leyen) is proposed by the European Council ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
