Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what estimate he has made of the level of private capital the British Business Bank expects to crowd-in from their investment in Kraken Technologies.

The Department has not sought to make such an estimate, as this is a question that the British Business Bank considers alongside other matters when carrying out due diligence on its investments. The Bank is operationally independent.

The overall ratio of private capital crowded in by the British Business Bank is reported annually in its Impact Report. In 2024/25 the Bank crowded in £3bn of private capital from £1.2bn public finance representing a ratio of 2.5:1 for every pound of public capital invested.