British Business Bank
(asked on 11th March 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 23 February 2026 to Question 112685, whether the British Business Bank has (a) invested in, (b) capitalised, or (c) supported through guarantees or co-investment any funds, schemes, or portfolio companies that have been designated, marketed or described as relating to net zero, decarbonisation, sustainability, climate transition or the green economy in (i) 2024-25 and (ii) 2025-26.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
Yes. In each of these years, the British Business Bank has invested in, capitalised, and supported through guarantees or co-investment several funds, schemes and portfolio companies with the specified characteristics.
This includes direct co-investment, investment in venture and growth capital funds, and lending delivered through the Bank’s programmes including Start Up Loans and the Growth Guarantee Scheme.
A pilot Green Growth Guarantee Scheme is underway, whose goal is to increase the supply of affordable finance for businesses investing in green technologies.