Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many Memorandums of Understanding the UK has signed since 5 July 2025, broken down by (a) the countries with which countries they were signed and (b) the policy areas covered by each agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
This Department has signed a range of Memoranda of Understanding (MoUs) since 5 July 2025 to help drive economic growth. However, these are not routinely published or notified to Parliament in line with HMG policy on non-legally binding instruments and in some cases to respect the confidentiality requirements of partner countries. It is, therefore, not possible to provide a full list of MoUs by country and subject area as requested.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what staffing or system costs are associated with monitoring, reporting and compliance activity relating to official travel emissions in his Department.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
We can confirm that the Department for Business and Trade does not hold any information associated with monitoring, reporting and compliance activity relating to official travel emissions in his Department.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what the Competition and Markets Authority’s total expenditure was in 2024–25, broken down by project and function.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
The Competition and Markets Authority’s published Annual Report and Accounts contains details of its expenditure, including a breakdown of total gross expenditure by operating segment. It can be found here: https://www.gov.uk/government/publications/cma-annual-report-and-accounts-2024-to-2025.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether his Department issues guidance to teams on the proportion of staff time or budget that should be allocated to net zero strategy or corporate sustainability activity.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
The department does not issue guidance to teams on the proportion of staff time or budget that should be allocated to net zero strategy or corporate sustainability activity.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 2 February 2026 to Question 108800, what projects undertaken by the Competition and Markets Authority in 2024–25 related to net zero, sustainability and climate policy.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
The following projects undertaken by the Competition and Markets Authority (“CMA”) in 2024 to 2025 related to net zero, sustainability and climate policy, carried out consistently with its statutory duty and functions:
Sustainability Taskforce – supporting businesses to comply with competition law when engaging in collaboration to achieve outcomes related to sustainability.
An investigation into anti-competitive conduct in the advertising of recycling-related features of new cars, and in the recycling of old or written-off (or ‘end-of-life’) cars and vans.
Guidance to help fashion businesses comply with consumer protection law when making environmental claims.
An investigation into environmental claims made about products in the consumer goods sector.
An investigation into Worcester Bosch over concerns it may have been misleading consumers in its marketing of boilers as ‘hydrogen-blend ready’.
Other work has included a review and report on the impact of restrictions on the sale of single use plastics on the UK Internal Market, and 13 reports on referrals of subsidies under the UK Subsidy Control Regime.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what the cost to UK Export Finance was in 2024–25 of expanding its climate stress testing models and scenarios using Network for Greening the Financial System scenarios; what the estimated cost of this work was to the public purse; and whether an estimate has been made of the resulting compliance or financing costs on UK exporters and suppliers.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The work to update UKEF’s climate stress testing models in 2024-25 is in line with industry good practice on financial risk management and uses tools at no extra cost. This work is part of our ongoing responsibilities to meet government risk management requirements and was carried out by UKEF staff within existing resources. As this is an internal risk management exercise, it does not create compliance obligations or financing costs for UK exporters or suppliers.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 2 February 2026 to Question 108798 what the British Business Bank’s total programme expenditure, staffing costs, and consultancy and professional services costs were in 2024–25, broken down by programme or business line.
Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)
The British Business Bank’s total staffing costs in 2024-25 were £71.591 million. In the same year, the BBB incurred total expenditure of £26.456 million on professional fees. These comprise fees relating to investment scheme design and transactions and other operational professional services.
A breakdown by business line is provided below, taken from the British Business Bank’s annual report and accounts for the year ended 31 March 2025.
All figures in £ '000 | Staff costs | Professional services |
British Business Finance | 2,089 | 186 |
British Business Investments | 2,588 | 3,157 |
British Patient Capital | 4,616 | 643 |
Nations and Regions Investments | 1,283 | 16 |
Start Up Loans | 4,100 | 253 |
BBB Investment Services | 169 | 17 |
Company plc, Holdings and British Business Financial Services | 56,746 | 22,184 |
Total group | 71,591 | 26,456 |
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 30 January 2026 to Question 107769, what estimate he has made to the Insolvency Service of compliance with Net Zero, sustainability and climate-related disclosure requirements.
Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)
I have made no such assessment, however the Insolvency Service’s total emissions have been reported in the Agency’s Annual Report and Accounts since 2012/13. Progress on wider sustainability requirements is reported quarterly to the Department for Business and Trade through the Agency’s Greening Government Commitment (GGC) returns. The Agency adheres to the Greening Government Commitments and the Taskforce on Climate Related Financial Disclosures (TCFD) guidance.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what the cost to UK Export Finance was of mitigating operational emissions arising from (a) its office footprint and b) business travel in 2024-25.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
UKEF’s office footprint is managed by the Government Property Agency, which is responsible for the provision of all energy and utility services. UKEF mitigates operational emissions arising from business travel through policies to reduce the cost of business travel; these measures do not place additional costs on UKEF.
Full details regarding expenditure on UKEF’s office footprint and business travel for 2024-25 can be found in the UK Export Finance Annual Report and Accounts 2024 to 2025 - GOV.UK.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what funding his Department allocated for the development of its planned Net Zero strategy and action plan, including staffing and consultancy costs in the 2025-26 financial year.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
Separate funding for the department's corporate sustainability activity, including net zero strategy and action planning, is not allocated. The associated work is dispersed across several functions and it is not possible to identify the cost of this. No consultancy costs have been funded or incurred in the 2025/26 financial year to date.