Written Question·Department for Business and Trade·UIN 107647

Kraken Technologies

Tabled: 21 January 2026

Answered: 28 January 2026

Question

James McMurdock

Independent — South Basildon and East Thurrock

To ask the Secretary of State for Business and Trade, pursuant to the press release entitled ‘Business Secretary backs British scaleups with growth package and red tape review’ published on 20 January 2026, whether his Department's £25 million investment

Answer

Blair McDougall

These investments were made by the British Business Bank. The Bank’s investments in aggregate are expected to generate a financial return that exceeds the Government’s cost of borrowing. In the year ended March 2025, the Bank reported a profit of £144 mil...

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