British Business Bank
The question
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 17 March 2026 to Question 120045 on British Business Bank, what the total monetary value is of support provided to funds, schemes and portfolio companies described as relating to (a) net zero, (b) decarbonisation, (c) sustainability, (d) climate transition and (e) the green economy in (i) 2024–25 and (ii) 2025–26 financial years; and if he will provide a breakdown by (A) programme and scheme, including but not limited to the Growth Guarantee Scheme, Start Up Loans, and the Green Growth Guarantee Scheme the (B) type of support, including direct investment, guarantees and co-investment and (C) the number of recipient businesses and funds supported under each category.
Answered by Blair McDougall
The British Business Bank does not centrally classify funds, schemes or portfolio companies under the categories of net zero, decarbonisation, sustainability, climate transition or the green economy in the form requested.
The Bank’s approach is to embed support for the transition to net zero and sustainable growth across its full range of programmes, rather than through standalone business lines. As such, these objectives are reflected across its activities, including through direct co-investment, investment in venture and growth capital funds, and lending delivered through programmes such as Start Up Loans and the Growth Guarantee Scheme.
As set out in the Answer of 17 March 2026 to Question 120045, the Bank has in both 2024-25 and 2025-26 invested in, capitalised, and supported through guarantees or co-investment a number of funds, schemes and portfolio companies with these characteristics.
As these activities are embedded across programmes, a comprehensive breakdown of total monetary value by category, programme or scheme, type of support, and number of recipient businesses and funds is not held in a single reportable format.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →