British Business Bank
The question
To ask the Secretary of State for Business, Innovation, Science and Trade, what discussions he has had with the British Business Bank on increasing investment into high-growth firms.
Answered by Department for Business, Innovation, Science and Trade
The Secretary of State regularly meets with the British Business Bank to discuss their investments into high-growth companies. The Secretary of State secured an increase of the British Business Bank’s financial capacity to £25.6 billion at Spending Review 2025 and the Department has set a goal for the British Business Bank to support high-growth UK scale-ups.
In the last financial year the British Business Bank’s Investment arm made £1.5 billion of new commitments, including £100 million to Oxford Quantum Circuits. The British Business Bank also launched the British Growth Partnership, which will invest pension fund capital into high-growth businesses.
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