Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 42 of the Defence Industrial Strategy: Making Defence an Engine for Growth, published on 8 September 2025, CP 1388, by when she expects the British Business Bank Industrial Strategy Growth Capital to provide the additional £4 billion.

The British Business Bank’s Industrial Strategy Growth Capital provides an additional £4 billion across the 8 Industrial Strategy sectors and is expected to be deployed over a four-year period. This funding will be committed through existing investment vehicles and is anticipated to be allocated by the end of the 2029–30 financial year, with some follow on funding for companies beyond 2030.