British Business Bank: Kraken Technologies
(asked on 22nd January 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what discussions (a) he and (b) his officials had with the British Business Bank on Kraken Technologies prior to 20 January 2026.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Business Bank first informed officials of its investment into Kraken Technologies on 7 January 2026. This was part of a regular report to the Department on completed transactions. Ministers were notified shortly afterwards.
Discussions prior to 20 January focused on the Secretary of State’s visit to Kraken Technologies, which took place on 19 January. This was his last meeting with Octopus Group companies.
The Minister for Small Business and Economic Transformation met Octopus Group founder Chris Hulatt on 23 October 2025 and founder of Octopus Energy Group Greg Jackson on the 8th January 2026.