Batteries: Storage
(asked on 13th May 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent discussions he has had with the British Business Bank on the provision of low-interest loans for industrial battery storage systems.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
The Business Secretary has regular discussions with the British Business Bank on a range of issues relating to access to finance for smaller businesses. No recent discussions have taken place specifically on the provision of low-interest loans for industrial battery storage systems.
The Bank’s Growth Guarantee Scheme facilitates the provision of loans to smaller businesses on a sector-neutral basis. In 2025, the Bank also launched a pilot of a Green Growth Guarantee Scheme to facilitate the flow of finance to businesses investing in green technologies.