Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, how much funding has been made available through the British Business Bank's National Security Strategic Investment Fund in each industrial sector in the (a) current financial year and (b) each remaining financial year of the current Parliament.
NSSIF does not currently demark a portion of its allocation for solely defence investments, as investments are made in startups with technologies relevant across NS&D use cases. NSSIF invests in dual-use advanced technology companies to provide future capabilities to National Security and Defence (NS&D). Investments are made for the purpose of NS&D, though provide wider benefits to industrial strategy sectors. As part of the recent Spending Review process, NSSIF has been awarded up to £330m to invest in the financial years 2026-27 to 2029-30, as set out in the modern industrial strategy.