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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 to (a) introduce tailored market approaches and (b) offer the £40 to £60 million to strategically important, capital-intensive businesses.

Answer

The British Business Bank will be able to deploy the funding it was allocated at Spending Review, and which was outlined in the Defence Industrial Strategy, from the beginning of the next financial year. As a commercially independent organisation the BBB will select its own investments, in line with the Mandate set by government.


Secondary information

Type
Written question
Reference
79741
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