Written Question·Department for Business and Trade·UIN 118928

Wayve

Tabled: 9 March 2026
Answered: 12 March 2026
Named Day

Question

Gareth Davies

ConservativeGrantham 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 McDougall
The 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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