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Peer2Peer Finance News | March 21, 2018

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Chancellor to announce new UK government fintech strategy

March 19, 2018 |

CHANCELLOR Philip Hammond is expected this week to unveil two large scale projects to boost Britain’s fintech sector, with blockchain technology and international cooperation high on the agenda.

Hammond (pictured), will launch a new fintech strategy at an international conference … Read More

Treasury opens £2m rental payment challenge for fintechs

January 18, 2018 |

A GOVERNMENT-BACKED £2m fintech competition to develop tools that incorporate rental payments into a tenant’s credit score has opened for applications.

The Treasury has released application forms and entry criteria for the Rent Recognition Challenge.

Firms are asked to outline … Read More

New rules clarify P2P business borrowers are not deposit takers

December 22, 2017 |

THE GOVERNMENT has clarified that a business does not need a banking licence to borrow through a peer-to-peer lending platform, in a move that is understood to underline its support for the industry.

In an announcement titled ‘protecting the future … Read More

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

MPs to investigate how to boost household savings

November 8, 2017 |

THE TREASURY Committee has announced plans to look into the level of savings among households and what would make them save more.

MPs in the select committee have unveiled an inquiry into household finances that will scrutinise problematic indebtedness, inter-generational … Read More

Treasury seeks creditors’ views on solution to problem debt

October 24, 2017 |

THE GOVERNMENT is seeking views from creditors and debt advisors as it plans to provide indebted individuals with a six-week ‘breathing space’ from their bills.

This period would give people time to seek financial advice on how to manage their … Read More

3pc of SMEs obtained finance under bank referral scheme

August 11, 2017 |

LESS than three per cent of small businesses referred to alternative lenders via the bank referral scheme have obtained finance, according to the first-ever statistics on the initiative released by the Treasury.

230 small- and medium-sized enterprises (SMEs) have collectively … Read More

Treasury plans new fund to support UK start-ups after Brexit

August 1, 2017 |

THE UK government has proposed a new national investment fund to replace EU funding to British start-ups after Brexit.

The new fund could be set up as a public-private partnership or be placed fully on the government’s balance sheet, to … Read More

Industry split on bank referral scheme ahead of Treasury announcement

July 28, 2017 |

THE TREASURY is expected to release its first public figures on the bank referral scheme in the coming weeks, with the commercial finance sector divided on the initiative’s success.

The government-backed scheme launched last November to much fanfare, mandating nine … Read More

Funding Circle’s Desai among confirmed speakers at Fintech Week 2017

April 4, 2017 |

FUNDING Circle’s Samir Desai is among the keynote speakers at the government’s international fintech conference, it was confirmed on Tuesday.

The chief executive and co-founder of the peer-to-peer business lender will be joined by other leading figures in the UK … Read More