Gareth Davies MP: written questions
193 published records · newest first.
Written questions
Water Companies: InvestmentDepartment for Environment, Food and Rural AffairsTabled 23 Jan 2026AnsweredUIN 108020More
Question: To ask the Secretary of State for Environment, Food and Rural Affairs, what estimate he has made of the proportion of the £104 billion of private investment referred to in ‘A new vision for water’, published January 2026, that will be spent across each re
Answer: Ofwat, the independent economic regulator, monitors and reports on water company spending and financing through its annual performance report and its monitoring and financial resilience report. These documents are publicly available. Ofwat’s five-yearly ‘...
Answered 28 Jan 2026
Original Parliament recordBritish Business Bank: InvestmentDepartment for Business and TradeTabled 23 Jan 2026AnsweredUIN 108019More
Question: To ask the Secretary of State for Business and Trade, what steps he is taking to ensure that British Business Bank invests in line with its strategic priorities.
Answer: The British Business Bank’s strategic mandate was published on 21 October 2025 and sets out the Bank’s mission, four objectives and two key performance indicators.The Department receives quarterly performance updates on the Bank’s activities, including in...
Answered 28 Jan 2026
Original Parliament recordBritish Business Bank: Kraken TechnologiesDepartment for Business and TradeTabled 23 Jan 2026AnsweredUIN 108018More
Question: 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: 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...
Answered 28 Jan 2026
Original Parliament recordBritish Business Bank: Kraken TechnologiesDepartment for Business and TradeTabled 22 Jan 2026AnsweredUIN 107791More
Question: To ask the Secretary of State for Business and Trade, what estimate he has made of the level of private capital the British Business Bank expects to crowd-in from their investment in Kraken Technologies.
Answer: The Department has not sought to make such an estimate, as this is a question that the British Business Bank considers alongside other matters when carrying out due diligence on its investments. The Bank is operationally independent. The overall ratio of ...
Answered 27 Jan 2026
Original Parliament recordBritish Business Bank: Kraken TechnologiesDepartment for Business and TradeTabled 22 Jan 2026AnsweredUIN 107790More
Question: 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 Kraken Technologies prior to 20 January 2026.
Answer: The British Business Bank first informed officials of its investment into Kraken Technologies on 7 January 2026. This was part of a regular report to the Department on completed transactions. Ministers were notified shortly afterwards. Discussions prior t...
Answered 27 Jan 2026
Original Parliament recordOctopus GroupDepartment for Business and TradeTabled 22 Jan 2026AnsweredUIN 107789More
Question: To ask the Secretary of State for Business and Trade, when (a) he and (b) his Ministers last met with representatives from (a) Octopus Group, (b) Octopus Energy Group, (c) Octopus Ventures and (d) Kraken Technologies.
Answer: The British Business Bank first informed officials of its investment into Kraken Technologies on 7 January 2026. This was part of a regular report to the Department on completed transactions. Ministers were notified shortly afterwards. Discussions prior t...
Answered 27 Jan 2026
Original Parliament recordBritish Business Bank: Kraken TechnologiesDepartment for Business and TradeTabled 22 Jan 2026AnsweredUIN 107788More
Question: To ask the Secretary of State for Business and Trade, what estimate he has made of the expected return on the investment from the British Business Bank into Kraken Technologies.
Answer: There is no specific target for returns from individual investments, which vary widely. Hence the British Business Bank has made no estimate of the expected return on its investment in Kraken Technologies. The Bank invests on a portfolio basis. In aggrega...
Answered 30 Jan 2026
Original Parliament recordCryptocurrencies: RegulationTreasuryTabled 15 Jan 2026AnsweredUIN 106208More
Question: To ask the Chancellor of the Exchequer, whether she discussed the Transatlantic Taskforce for Markets of the Future during her meeting with the US Secretary of the Treasury on 12 January 2026.
Answer: The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September. Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on furt...
Answered 20 Jan 2026
Original Parliament recordCryptocurrencies: RegulationTreasuryTabled 15 Jan 2026AnsweredUIN 106207More
Question: To ask the Chancellor of the Exchequer, what objectives her Department have set the Transatlantic Taskforce for Markets of the Future; and what assessment she has made of the Taskforce’s progress to date.
Answer: The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September. Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on furt...
Answered 20 Jan 2026
Original Parliament recordCryptocurrencies: RegulationTreasuryTabled 15 Jan 2026AnsweredUIN 106206More
Question: To ask the Chancellor of the Exchequer, when the Transatlantic Taskforce for Markets of the Future plans to report back to HMT; and when their report will be shared with Parliament.
Answer: The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September. Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on furt...
Answered 20 Jan 2026
Original Parliament recordIron and Steel: Small BusinessesDepartment for Business and TradeTabled 11 Dec 2025AnsweredUIN 99312More
Question: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the time taken for the Steel Strategy on the availability of credit insurance for SMEs in the steel supply chain.
Answer: The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.We al...
Answered 16 Dec 2025
Original Parliament recordIron and Steel: EnergyDepartment for Business and TradeTabled 11 Dec 2025AnsweredUIN 99311More
Question: To ask the Secretary of State for Business and Trade, whether the time taken to publish the Steel Strategy will impact the commencement of grid connection upgrades required for the transition to electric arc furnace production.
Answer: The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.We al...
Answered 16 Dec 2025
Original Parliament recordIron and Steel: Safeguard MeasuresDepartment for Business and TradeTabled 11 Dec 2025AnsweredUIN 99310More
Question: To ask the Secretary of State for Business and Trade, what recent discussions he has had with the Trade Remedies Authority on the operational impact of the publication of the Steel Strategy in early 2026 on the review process for steel safeguards.
Answer: My officials regularly engage with the Trade Remedies Authority (TRA), including on the upcoming Steel Strategy. The Government recognises steel production is an essential part of our national life, and it is in the public interest to support it.The forth...
Answered 16 Dec 2025
Original Parliament recordBritish Steel: ScunthorpeDepartment for Business and TradeTabled 11 Dec 2025AnsweredUIN 99309More
Question: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the time taken for the publication of the Steel Strategy on levels of skills at the British Steel Scunthorpe site.
Answer: The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.We al...
Answered 16 Dec 2025
Original Parliament recordBritish Steel: ContractsDepartment for Business and TradeTabled 11 Dec 2025AnsweredUIN 99308More
Question: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the time taken to publish the Steel Strategy on the ability of British Steel to secure long-term customer contracts for 2026-27.
Answer: The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.We al...
Answered 16 Dec 2025
Original Parliament recordRegional Planning and Development: GrangemouthTreasuryTabled 3 Dec 2025AnsweredUIN 97070More
Question: To ask the Chancellor of the Exchequer, how the £14.5 million for Grangemouth announced at the Budget relates to the previous commitment from the Prime Minister that £200 million from the National Wealth Fund would support the transition of the Grangemout
Answer: The £14.5 million of investment to support industrial projects in Grangemouth announced at Autumn Budget 2025 is in addition to the National Wealth Fund commitment.
Answered 8 Dec 2025
Original Parliament recordRefineries: GrangemouthScotland OfficeTabled 3 Dec 2025AnsweredUIN 97067More
Question: To ask the Secretary of State for Scotland, what assessment he has made of the expected breakdown of the £14.5 million allocated to Grangemouth, including funding for site remediation, feasibility work, infrastructure upgrades, skills programmes, and any
Answer: The UK and Scottish Governments are working together to assess and progress all investment at Grangemouth. To support this, at Autumn Budget 2025 the Chancellor announced up to £14.5 million of UKG funding for Grangemouth to support future projects. At th...
Answered 8 Dec 2025
Original Parliament recordRefineries: GrangemouthScotland OfficeTabled 3 Dec 2025AnsweredUIN 97065More
Question: To ask the Secretary of State for Scotland, how the £14.5 million announced for Grangemouth at the November 2025 Budget will be allocated; and what project milestones or conditions must be met before funds are released.
Answer: The UK and Scottish Governments are working together to assess and progress all investment at Grangemouth. To support this, at Autumn Budget 2025 the Chancellor announced up to £14.5 million of UKG funding for Grangemouth to support future projects. At th...
Answered 8 Dec 2025
Original Parliament recordNational Wealth Fund: GrangemouthTreasuryTabled 3 Dec 2025AnsweredUIN 97045More
Question: To ask the Chancellor of the Exchequer, on what date the National Wealth Fund Board was informed of the Government’s intention to allocate £200 million to Grangemouth community; and whether the Board formally approved any such commitment in accordance wit
Answer: The Government made a major intervention to ensure the long-term future of the Grangemouth site. As part of that, £200 million has been made available from the National Wealth Fund’s existing capitalisation for investible projects at Grangemouth. The Nati...
Answered 8 Dec 2025
Original Parliament recordBritish Business Bank: Disclosure of InformationDepartment for Business and TradeTabled 24 Nov 2025AnsweredUIN 93991More
Question: To ask the Secretary of State for Business and Trade, how the British Business Bank plans to measure and publish outcomes relating to its strategic objective to Unlock the potential in people and places, including how it will track and report the number o
Answer: The British Business Bank measures and publishes the outcomes of its interventions and its assessment of the market for small business finance in the UK across several publications:The Bank’s Annual Report and AccountsAn annual Impact ReportIndependent ev...
Answered 2 Dec 2025
Original Parliament recordBritish Business BankDepartment for Business and TradeTabled 24 Nov 2025AnsweredUIN 93990More
Question: To ask the Secretary of State for Business and Trade, what proportion of the British Business Banks’s economic capital limit has been earmarked specifically for (a) micro-businesses and (b) businesses in the devolved nations.
Answer: The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale...
Answered 28 Nov 2025
Original Parliament recordBritish Business Bank: InvestmentDepartment for Business and TradeTabled 24 Nov 2025AnsweredUIN 93986More
Question: To ask the Secretary of State for Business and Trade, with reference to the Government’s Statement of Strategic Priorities to the British Business Bank, what metric is to be used to measure the target for two-thirds increase in the pace of investment; whe
Answer: The metric used to measure the targeted increase is the total amount of finance, both debt and equity investment, committed by the Bank each year. This metric excludes guarantees. The new level of £2.5 billion in annual commitments - expected to be achiev...
Answered 1 Dec 2025
Original Parliament recordBritish Business BankDepartment for Business and TradeTabled 24 Nov 2025AnsweredUIN 93985More
Question: To ask the Secretary of State for Business and Trade, what targets the Government has set for the British Business Bank in respect of i) the number of smaller businesses to receive finance, ii) the amount of finance directed to devolved nations and region
Answer: The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale...
Answered 28 Nov 2025
Original Parliament recordBritish Growth PartnershipDepartment for Business and TradeTabled 21 Nov 2025AnsweredUIN 93577More
Question: To ask the Secretary of State for Business and Trade, what plans his Department has to monitor the long-term performance of the British Growth Partnership Fund I, including investment returns, regional economic impact, and exit outcomes; and whether his D
Answer: The British Growth Partnership Fund I will be evaluated against its objectives by the British Business Bank, which will publish the findings. The evaluation methodology will be consistent with the Bank's approach to assessing its existing programmes. The ...
Answered 26 Nov 2025
Original Parliament recordBritish Growth PartnershipDepartment for Business and TradeTabled 21 Nov 2025AnsweredUIN 93576More
Question: To ask the Secretary of State for Business and Trade, what estimate he has made of the level of private investment that the British Growth Partnership Fund I will leverage from institutional partners; and by what date he expects the Fund to achieve that t
Answer: The British Growth Partnership Fund I is anticipated to achieve a first close of the fund of £200 million by the end of March 2026. This amount will consist predominantly of private investment from UK pension funds.The Department expects that following th...
Answered 26 Nov 2025
Original Parliament record
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