The Treasury, the Bank of England and the Financial Conduct Authority (FCA) are convening an industry working group to facilitate investment in productive finance.
The group will explore how to encourage investment in products that support sustainable growth and the real economy.
Examples of this include investments in plant and equipment, research and development, green technology, infrastructure and unlisted equities related to these sectors.
The group will aim to agree on changes required by the industry, firms and investment platforms to facilitate investment in long-term assets by a wide range of investors.
Membership will be chosen by the Treasury, the Bank and the FCA and will be drawn from a diverse set of market participants, including but not limited to banks, asset management firms, pension funds and insurance companies, corporates, infrastructure firms, wealth managers, investment platforms and trade associations representing relevant sectors and markets.
It is unclear if P2P lenders would be included but some such as ArchOver have funded loans on research and development credits while others such as Abundance have focused on renewable crowd bonds.