Written Question·Department for Business and Trade·UIN 108018

British Business Bank: Kraken Technologies

Tabled: 23 January 2026
Answered: 28 January 2026
Named Day

Question

Gareth Davies

ConservativeGrantham and Bourne

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of investment by British Business Bank in Kraken Technologies.

Answer

Blair McDougall
The Department sets the overall strategic direction for the British Business Bank, which is operationally independent and carries out its own due diligence. The Department does not seek to assess the merits of individual investments within the Bank’s port...

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