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What is the British Business Bank?
The British Business Bank is a state-owned development bank that supports smaller businesses across the UK. It aims to increase the supply of finance to these businesses and create a more diverse and competitive finance market. The £150 million announced by John Healey will be channelled through this bank to help fast-growing northern firms.
Stories that explain this
What new £150m fund means for northern jobs Healey announces £150m for northern firms in first speech.Related explainers
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