Question to the Department for Business, Innovation, Science and Trade:

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.

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.