British Business Bank
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that investment from the British Business Bank is spread evenly throughout the country.
Answered by Blair McDougall
The British Business Bank seeks to improve access to finance for businesses across the UK through both national and regional interventions. The former includes the Start Up Loans scheme, where loans have been issued in every UK parliamentary constituency, while the latter includes the Nations and Regions Investment Funds.
The Bank’s latest Impact Report found that in 2024/25, 84 per cent of businesses supported by the Bank were based outside London. Each UK nation and region is expected to benefit from an estimated additional Gross Value Added impact of at least £100 million over the lifetime of the finance provided.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →