British Business Bank
(asked on 5th June 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that investment from the British Business Bank is spread evenly throughout the country.
Answered by
Blair McDougall
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade) (Jointly with the Department for Energy Security and Net Zero)
The British Business Bank seeks to improve access to finance for businesses across the UK through both national and regional interventions. The former includes the Start Up Loans scheme, where loans have been issued in every UK parliamentary constituency, while the latter includes the Nations and Regions Investment Funds.
The Bank’s latest Impact Report found that in 2024/25, 84 per cent of businesses supported by the Bank were based outside London. Each UK nation and region is expected to benefit from an estimated additional Gross Value Added impact of at least £100 million over the lifetime of the finance provided.