Kraken Technologies
The question
To ask the Secretary of State for Business and Trade, pursuant to the press release entitled ‘Business Secretary backs British scaleups with growth package and red tape review’ published on 20 January 2026, whether his Department's £25 million investment into Kraken Technologies is expected to make a financial return.
Answered by Blair McDougall
These investments were made by the British Business Bank. The Bank’s investments in aggregate are expected to generate a financial return that exceeds the Government’s cost of borrowing. In the year ended March 2025, the Bank reported a profit of £144 million and a five-year average adjusted return on capital employed of 4.2%, against a target of 0.9%.
There is no target or expectation for returns from individual investments, which can vary widely. For its commercial equity products, the Bank’s performance will be benchmarked against the median fund performance in the Venture Capital market.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →