Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much public money was allocated to the British Business Bank for the (a) 2023-4 and (b) 2024-5 financial years.

Public funding for the British Business Bank’s DEL funding, Business As Usual programmes and administration of the Covid-19 loan schemes, for 2023/24 is expected to be up to £735m. The projected figure for 2024/25 is £357m. Any capital gains will be returned to the taxpayer over the course of the investment cycle.