Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of investment by the British Business Bank in Wayve.

The British Business Bank takes investment decisions independently and the Department does not seek to assess the merits of any individual transaction. The Bank is measured on the achievement of its objectives over the long term. Its two key performance indicators are the returns it achieves for taxpayers and the additional GVA (gross value-added) generated by its activities.

Wayve is a world-leading British success story and the Secretary of State welcomed the success of the company's fundraise as evidence of this.