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Government-owned British Business Bank has appointed Eilish Jamieson and Matthew Elderfield to its board as non-executive directors.

Jamieson has previous experience as head of audits at Goldman Sachs, which she left in 2016. Prior to that she held roles at KPMG and Credit Suisse. Jamieson is also a non-executive director for the Financial Reporting Council and Sport England.

“Small businesses are the heart of the UK economy, communities, and innovation, and the British Business Bank plays a vital role in this,” said Jamieson.

Meanwhile, Elderfield joins from Helsinki-based bank Nordea, where he was chief risk officer and sat on its management board. Before Nordea, Elderfield worked at Lloyds Banking Group as a group director for conduct, compliance and operational risk and at the Financial Services Authority.

“I very much look forward to working with my fellow directors, our government shareholder, and our many stakeholders to help the leadership team continue to deliver the bank’s crucial role in the UK economy,” said Elderfield.

Sheffield-headquartered British Business Bank is an active investor in the UK tech industry, supplying capital to smaller businesses “where markets don’t work well”.

It recently unveiled its first regional fund, targeting the South West of England.

A British Business Bank survey recently found UK venture capital firms and startups are finding it harder to raise funds and find exit opportunities.