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 Wayve prior to 25 February 2026.

The British Business Bank notified the Department on the morning of 20 February 2026 that it had concluded commercial negotiations with Wayve and would be participating in its equity funding round. Ministers and officials were not aware before this date that an investment in Wayve was being contemplated.

Discussions with officials between 20 and 25 February focused on communications arrangements for the announcement of Wayve's successful fundraise and the British Business Bank's investment.