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Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 9 March 2026

Debate

British Business Bank

Contribution

The British Business Bank’s new strategic mandate explicitly talks about supporting businesses in the industrial strategy priority sectors, which, as noble Lords will know, includes defence. One of the things that we will be doing is looking at where the financing gap is, whether that is for R&D intensive or deep-tech companies, and at investing behind specialist fund managers or investment strategies that specifically support particular sectors. Using its mandate, and with the increased financial capacity, the British Business Bank will be able to support our defence industry supply chain here in the UK.

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