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The Parliamentary Under-Secretary of State, Department for Business and Trade and Department for Science, Innovation and Technology (Baroness Lloyd of Effra) (Lab)

Speaking in the House of Lords on 9 March 2026

Debate

British Business Bank

Contribution

My Lords, the British Business Bank’s investments are aligned with its strategic mandate, which is agreed with the Government and sets the bank’s overall strategic direction. It includes four objectives, the first of which is to support our most promising businesses in the industrial strategy priority sectors to scale and stay here. The bank is operationally independent and is responsible for undertaking its own due diligence and making investment decisions independently of government.

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