British Business Investments, the commercial arm of the British Business Bank, has announced an initial £20 million funding facility for Sprk Capital. The transaction aims to boost finance for UK small businesses engaged in cutting-edge research and development (R&amp;D) and innovation.
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Sprk Capital is the UK’s only dedicated innovation lender to secure backing from British Business Investments.
Specialising in advanced funding, Sprk provides small businesses with early access to funds secured against their R&amp;D Tax Credits and Innovation Grants.
This support is designed to address the cashflow challenges faced by research-intensive businesses through non-dilutive debt with founder friendly terms.
This strategic move highlights the growing focus on empowering the UK’s innovation sector, ensuring it continues to thrive in a competitive global landscape.
In addition to this we're proud that our existing investors have backed a £2.8m growth capital raise to support Sprk's investment into innovation finance.
This was done at a significant premium to our last equity round.
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A full copy of the release is attached and available at <a href="https://www.sprkcapital.co.uk/sprk-capital-announces-a-20m-funding-facility-with-british-business-investments-and-2-8m-equity-raise/">Announcements | Non-Dilutive Funding | SPRK Capital</a>
<a href="https://www.sprkcapital.co.uk/contact/">Contact</a> the team at Sprk to discuss your clients' innovation funding requirements.
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British Business Investments Backs Innovation with £20m Funding Facility through Sprk Capital

<a href="http://www.sprkcapital.co.uk">SPRK</a> provides non-dilutive debt solutions for businesses engaged in innovation. We are the leading provider of <a href="https://www.sprkcapital.co.uk/rd-tax-credit-loans/">R&amp;D Tax Credit Loans</a> through our SPRK R&amp;D Advances and <a href="https://www.sprkcapital.co.uk/innovation-grant-loans/">Grant Advance Loans</a> through our SPRK Grant Advances.

Sprk Capital

<a href="http://www.sprkcapital.co.uk">SPRK</a> provides non-dilutive debt solutions for businesses engaged in innovation. We are the leading provider of <a href="https://www.sprkcapital.co.uk/rd-tax-credit-loans/">R&amp;D Tax Credit Loans</a> through our SPRK R&amp;D Advances and <a href="https://www.sprkcapital.co.uk/innovation-grant-loans/">Grant Advance Loans</a> through our SPRK Grant Advances.

Dominick is CEO of SPRK Capital. Prior to joining SPRK he was responsible for all lending capital at Funding Circle, the largest platform lender to small businesses in the UK. He joined pre-IPO to institutionalise their capital base and during his tenure there raised over £5bn of new capital to support SMEs in the UK. He was instrumental in the UK Government loan schemes, through CBILS, BBLS and most recently the RLS programme.
Before that, Dominick co-founded Capital-B a FinTech advisory and capital placement agency focused on developing lending businesses. Prior to this Dominick worked for Goldman Sachs where he headed distribution for its asset management business in the UK and with global banks. Dominick qualified as a chartered accountant with PwC and is a Fellow of the ICAEW. He holds a Masters in Engineering from Durham University.

Sprk Capital

Sprk Capital

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Dom Peasley

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British Business Investments Backs Innovation with £20m Funding Facility through Sprk Capital