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Batteries: Storage

Asked by Gareth SnellLabour (Co-op)Department for Business and TradeTabled Answered 22 May 2026UIN 172

The question

To ask the Secretary of State for Business and Trade, what recent discussions he has had with the British Business Bank on the provision of low-interest loans for industrial battery storage systems.

Answered by Blair McDougall

The Business Secretary has regular discussions with the British Business Bank on a range of issues relating to access to finance for smaller businesses. No recent discussions have taken place specifically on the provision of low-interest loans for industrial battery storage systems.

The Bank’s Growth Guarantee Scheme facilitates the provision of loans to smaller businesses on a sector-neutral basis. In 2025, the Bank also launched a pilot of a Green Growth Guarantee Scheme to facilitate the flow of finance to businesses investing in green technologies.

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