At a Glance
- Tasks: Support smaller UK businesses and drive economic growth through strategic leadership.
- Company: British Business Bank, the UK's government-backed economic development bank.
- Benefits: Opportunity to influence finance markets and support sustainable growth.
- Other info: Join a mission-driven team focused on innovation and sustainability.
- Why this job: Make a real impact on the UK economy and help businesses thrive.
- Qualifications: Senior leadership experience in growth-driving sectors and strong communication skills.
The predicted salary is between 36000 - 60000 £ per year.
An opportunity to support the success of smaller UK businesses and the UK growth agenda. 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; or 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. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply, please review the.
British Business Bank in London employer: Non-Executive Director(s)
The British Business Bank is an exceptional employer dedicated to fostering economic growth and supporting smaller UK businesses. With a strong commitment to employee development, a collaborative work culture, and the opportunity to influence significant financial interventions, employees can expect meaningful engagement in driving the UK's growth agenda. Located in both Sheffield and London, the Bank offers a unique chance to contribute to vital sectors while enjoying the benefits of working within a government-backed institution focused on sustainability and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land British Business Bank in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the lookout for opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Research the company inside out. Understand their mission, values, and recent projects. This will not only help you in interviews but also show your genuine interest in the role and the organisation.
✨Tip Number 3
Prepare for interviews by practising common questions and scenarios related to the role. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace British Business Bank in London
Some tips for your application 🫡
Know Your Stuff:Before you start writing, make sure you understand the British Business Bank's mission and the sectors they focus on. Tailor your application to show how your experience aligns with their goals and how you can contribute to supporting smaller businesses.
Be Clear and Concise:When you're putting together your application, keep it straightforward. Use clear language and avoid jargon where possible. We want to see your skills and experience shine through without wading through unnecessary fluff.
Show Your Passion:Let your enthusiasm for supporting UK businesses come through in your writing. Share specific examples of how you've made an impact in your previous roles, especially in the sectors mentioned in the job description. We love seeing candidates who are genuinely excited about the opportunity!
Apply Through Our Website:Don't forget to submit your application through our website! It’s the best way to ensure it gets to the right people. Plus, you'll find all the details you need about the role and the application process there.
How to prepare for a job interview at Non-Executive Director(s)
✨Know Your Sector Inside Out
Make sure you have a solid understanding of the growth-driving sectors mentioned in the job description. Brush up on current trends, challenges, and opportunities within these areas. This will not only help you answer questions confidently but also demonstrate your genuine interest in supporting smaller businesses.
✨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 made strategic decisions or influenced outcomes in your sector. This will highlight your capability to contribute effectively to the Board.
✨Build Relationships with Purpose
Emphasise your relationship-building skills during the interview. Be ready to share examples of how you've successfully collaborated with stakeholders or built networks in your industry. This is crucial for a role that requires working closely with various partners to support the Bank's mission.
✨Align with the Bank's Mission
Familiarise yourself with the British Business Bank's goals and values. Be prepared to articulate how your vision aligns with their mission to drive economic growth and support smaller businesses. Showing that you resonate with their objectives will set you apart as a candidate who truly understands the role.
