UK Modern Industrial Strategy

Rosie Wrighting Excerpts

Monday 23rd June 2025 Commons Chamber

[Madam Deputy Speaker (Ms Nusrat Ghani)]

I call Business and Trade Committee member, Rosie Wrighting.

[Rosie Wrighting (Kettering) (Lab)]

I welcome the Government’s ambition to double business investment by 2035, but on the Business and Trade Committee we have heard time and again from businesses that they face barriers in unlocking the investment they need to scale up. Can the Minister set out how the Government intend to support access to scale-up finance so that our economy benefits from our innovation?

[Jonathan Reynolds]

I thank my hon. Friend for her work on the Business and Trade Committee; I always enjoy my sessions there, as do my ministerial team. She is right that finance is a huge issue and scale-up finance is a particular challenge. We intend to use the British Business Bank, as I have said, with much greater financial capacity to work directly with fund managers focused on the scale-up part of the finance journey. I know how big a problem this is. There is a lot of capital in the world and we have got to address this particular stage, and these are real measures that seek to do that.