Question to the Department for Business and Trade:

To ask His Majesty's Government what discussions they have had with the British Business Bank regarding the expansion of the Growth Guarantee Scheme.

The Growth Guarantee Scheme plays a vital role in helping more businesses access affordable finance for growth and investment, which is why the Government provided resources to facilitate an additional £500 million of lending through the Scheme to businesses affected by turbulence in global trade. DBT and HMT officials work closely with British Business Bank counterparts to ensure the Scheme’s terms and parameters remain effective and impactful.