Written Question·Department for Business and Trade·UIN 118928
Wayve
Tabled: 9 March 2026
Answered: 12 March 2026
Named DayQuestion
Gareth Davies
Conservative — Grantham and Bourne
To ask the Secretary of State for Business and Trade, what discussions (a) he and (b) his officials had with the British Business Bank on Wayve prior to 25 February 2026.
Answer
Blair McDougallThe British Business Bank notified the Department on the morning of 20 February 2026 that it had concluded commercial negotiations with Wayve and would be participating in its equity funding round. Ministers and officials were not aware before this date t...
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