Written question asked by James McMurdock (Independent (affiliation)) on Monday, 26 January 2026, in the House of Commons. It was due for an answer on Wednesday, 28 January 2026. It was answered by Blair McDougall (Labour) on Tuesday, 3 February 2026 on behalf of the Department for Business and Trade.
Kraken Technologies: Investment
- Question
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To ask the Secretary of State for Business and Trade, with reference to his Department’s press release entitled Business Secretary backs British scaleups with growth package and red tape review, published on 20 January 2026, what assessment he has made of the potential impact of investment in Kraken Technologies on competition within the UK energy software market.
- Answer
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The Department for Business and Trade sets the overall strategic direction for the British Business Bank, which is operationally independent and carries out its own due diligence. The Department was informed by the Bank of its investment in Kraken Technologies on 7 January 2026, after the investment decision had been taken and the terms agreed.
The Department does not seek to assess the merits of individual investments within the Bank's portfolio. This includes company valuation, the position of other investors, or the other matters raised some of which are the responsibility of other public bodies.
Secondary information
- Type
- Written question
- Reference
- 108562
- Session
- 2024-26
- Grouped for answer
- Yes
- Subjects
- Software Competition Investment Energy Kraken Technologies
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-02-03 10:26:42 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/108562
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/108562
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/108562