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For Companies At a Glance
- Tasks: Join the Board to drive economic growth and support smaller businesses in the UK.
- Company: The British Business Bank, a government-backed economic development bank.
- Benefits: Opportunity to influence strategic priorities and contribute to sustainable growth.
- Why this job: Make a real impact on the UK's economy and help businesses thrive.
- Qualifications: Senior leadership experience in growth-driving sectors and strong communication skills.
- Other info: Collaborative environment focused on innovation and supporting the transition to a net zero economy.
The predicted salary is between 43200 - 72000 ÂŁ per year.
Overview
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
- 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.
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 at scale.
The 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.
Non Executive Director employer: British Business Bank
Contact Detail:
British Business Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non Executive Director
✨Tip Number 1
Network like a pro! Reach out to your connections in the sectors mentioned in the job description. Attend industry events or webinars where you can meet key players and discuss your interest in becoming a Non-Executive Director.
✨Tip Number 2
Showcase your expertise! Prepare a solid pitch that highlights your experience in one of the growth-driving sectors. Be ready to discuss how your background aligns with the BBB's mission and how you can contribute to their strategic priorities.
✨Tip Number 3
Stay informed! Keep up with the latest trends and challenges in the sectors relevant to the BBB. This will not only help you in conversations but also demonstrate your commitment to understanding the market dynamics.
✨Tip Number 4
Apply through our website! We encourage you to submit your application directly on our platform. It’s the best way to ensure your profile gets noticed by the right people at the British Business Bank.
We think you need these skills to ace Non Executive Director
Some tips for your application 🫡
Know Your Stuff: Make sure you really understand the British Business Bank and its mission. Dive into the sectors they focus on and think about how your experience aligns with their goals. This will help you tailor your application and show us you're genuinely interested.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We want to see your experience and skills shine through without wading through unnecessary fluff.
Showcase Your Leadership Skills: As a Non-Executive Director, your leadership experience is key. Highlight specific examples of how you've led teams or projects in relevant sectors. This will help us see how you can contribute to our board effectively.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. Plus, it shows you’re tech-savvy!
How to prepare for a job interview at British Business Bank
✨Know Your Sector Inside Out
Make sure you have a solid understanding of the eight growth-driving sectors mentioned in the job description. Brush up on recent trends, challenges, and opportunities within these areas. This will not only help you answer questions confidently but also demonstrate your genuine interest in contributing to the British Business Bank's mission.
✨Showcase Your Leadership Experience
Prepare to discuss your previous leadership roles and how they relate to the responsibilities of a Non-Executive Director. Think about specific examples where you've successfully navigated challenges or driven growth in your sector. This will highlight your capability to add value to the board.
✨Emphasise Relationship Building Skills
As a Non-Executive Director, building relationships is key. Be ready to share examples of how you've fostered collaboration and communication in past roles. This will show that you understand the importance of teamwork and can effectively contribute to the board's dynamics.
✨Align with the Bank's Strategic Priorities
Familiarise yourself with the British Business Bank's strategic priorities and be prepared to discuss how your experience aligns with their goals. Think about how you can help support smaller businesses and drive sustainable growth, as this will demonstrate your commitment to their mission.
