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Written question asked by Ben Obese-Jecty (Conservative) on Friday, 10 October 2025, in the House of Commons. It was due for an answer on Tuesday, 14 October 2025. It was answered by James Murray (Labour) on Monday, 20 October 2025 on behalf of the Treasury.


British Business Bank

Question

To ask the Chancellor of the Exchequer, with reference to page 42 of the Defence Industrial Strategy: Making Defence an Engine for Growth, published on 8 September 2025, CP 1388, by when she expects the British Business Bank Industrial Strategy Growth Capital to provide the additional £4 billion.

Answer

The British Business Bank’s Industrial Strategy Growth Capital provides an additional £4 billion across the 8 Industrial Strategy sectors and is expected to be deployed over a four-year period. This funding will be committed through existing investment vehicles and is anticipated to be allocated by the end of the 2029–30 financial year, with some follow on funding for companies beyond 2030.


Secondary information

Type
Written question
Reference
79740
Session
2024-26
Related items
Defence Industrial Strategy: Making Defence an Engine for Growth
Monday, 8 September 2025
Command papers
House of Commons
House of Lords
Subjects
Finance British Business Bank
Contains statistics
Yes
Link
View this Written question on www.parliament.uk