Written Question·Department for Business and Trade·UIN 108563

Kraken Technologies: Capital Investment

Tabled: 26 January 2026

Answered: 3 February 2026

Question

James McMurdock

Independent — South Basildon and East Thurrock

To ask the Secretary of State for Business and Trade, with reference to his Department’s press release entitled Business Secretary backs British scaleups with growth package and red tape review, published on 20 January 2026, whether Octopus Energy’s compl

Answer

Blair McDougall

The Department for Business and Trade sets the overall strategic direction for the British Business Bank, which is operationally independent and carries out its own due diligence. The Department was informed by the Bank of its investment in Kraken Technol...

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