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 to (a) introduce tailored market approaches and (b) offer the £40 to £60 million to strategically important, capital-intensive businesses.

The British Business Bank will be able to deploy the funding it was allocated at Spending Review, and which was outlined in the Defence Industrial Strategy, from the beginning of the next financial year. As a commercially independent organisation the BBB will select its own investments, in line with the Mandate set by government.