Wayve
Commons · Question 118928 · Tabled 9 Mar 2026 · Department for Business and Trade · Official record
Answered 12 Mar 2026
Question
Asked by Gareth Davies
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
Answered by Blair McDougall, 12 Mar 2026
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...