Written Question·Department for Business and Trade·UIN 119199
British Business Bank
Tabled: 10 March 2026
Answered: 16 March 2026
Named DayQuestion
Gareth Thomas
Labour (Co-op) — Harrow West
To ask the Secretary of State for Business and Trade, whether he has considered allowing the British Business Bank to a) accept deposits and b) run a pilot scheme allowing it to lend directly to i) businesses and ii) community housing groups in areas wher
Answer
Blair McDougallThe British Business Bank has no plans to accept deposits and is not authorised to do so. This would require an application to the Prudential Regulation Authority, which regulates deposit-taking institutions.Community Development Finance Institutions (CDF...
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