Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has any plans to privatise the British Business Bank.
The British Business Bank (BBB) is 100% owned by Government and we have no plans to alter that position.
As at end of July 2018, the Start Up Loans programme – run by the Start Up Loans Company (SULCo), a subsidiary of BBB – had lent £436m to more than 57,000 entrepreneurs.