The Government has appointed Stephen Welton CBE as the new Non-executive Chair of the British Business Bank.

Stephen Welton takes over from Lord Smith of Kelvin, who has held the position for six years since September 2017. In 2013, Stephen was appointed as an advisor to the UK Government regarding the establishment of the British Business Bank and, in 2017, served as a member of the Industry Panel advising HM Treasury on the Patient Capital Review. He was also a member of the Prime Minister’s 2021 Business Council and member of the Innovate Council 2018-2021.