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Baroness Poppy Gustafsson Set to Quit as UK Investment Minister After 11 Months

Reports attribute the move to family pressures, with government confirmation still pending.

Overview

  • Sky News reported that Gustafsson intends to step down shortly, and sources say a successor is being lined up.
  • The Department for Business and Trade and the Prime Minister’s office declined to confirm the reported resignation.
  • Appointed in October 2024, she has overseen the Office for Investment in a joint role spanning the Treasury and the Department for Business and Trade.
  • Coverage places the development within a wider reshuffle following Angela Rayner’s exit and describes it as a setback for the government’s investment agenda.
  • Gustafsson co‑founded Darktrace, led its 2021 London listing, and left the company in September 2024 ahead of its near-£4.3 billion take‑private by Thoma Bravo.