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Written question asked by Lord Nash (Conservative) on Monday, 2 June 2025, in the House of Lords. It was due for an answer on Monday, 16 June 2025. It was answered by Baroness Jones of Whitchurch (Labour) on Monday, 16 June 2025 on behalf of the Department for Business and Trade.


Science and Technology: Investment

Question

To ask His Majesty's Government whether any capped return or fee offset mechanisms were used in funds backed by the Long-term Investment for Technology and Science; if so, what their expected cost is; and how clawback will be triggered if fund performance falls below target.

Answer

This information is not publicly available. Fees paid by the British Business Bank are the same as other investors and in line with market standards for the asset class.


Secondary information

Type
Written question
Reference
HL7961
Session
2024-26
Subjects
Investment Technology Science
Contains statistics
Yes
Link
View this Written question on www.parliament.uk