6 banks and building societies have been accepted to the first cohort of the PRA and FCA’s new joint scale-up unit. The unit is designed to help growing, innovative firms develop new products, move into new markets and attract new customers. A second cohort will open to applications later this year.
The first cohort comprises Allica Bank, ClearBank, Monument Bank, Nottingham Building Society, OakNorth Bank and Zopa Bank.