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OUR PRIVACY AND COOKIE POLICY

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British Business Bank chief executive Keith Morgan gets a 36% pay boost to £450k

written by Bella Palmer
British Business Bank

The boss of the bank set up to increase funding for small companies was paid nearly £450,000 last year.

British Business Bank chief executive Keith Morgan topped up his salary of £299,000 with pension payments of £29,900 and long-term incentive awards of £119,600. His total pay of £448,500 was 36 per cent higher than the £329,000 he took home the previous year.

The British Business Bank, which is based in Sheffield, was set up by the Coalition government in 2012.

The total amount of finance provided to firms through its programmes rose by 24 per cent to £9.2 billion last year. 

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

British Business Bank amount of finance

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