Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the British Business Bank has invested in life science businesses since it was established.

British Business Bank (BBB) equity programmes have invested over £37m in life science businesses since BBB became a PLC in November 2014. The BBB also manages a number of government programmes which were facilitating finance to businesses prior to November 2014. Including these, BBB equity programmes are currently investing over £130m of finance in life science businesses. Approximately 8% of the BBB’s total equity investment portfolio is invested in life science businesses.