At the Autumn Statement the Chancellor announced the formation of an industry-led taskforce to explore how to develop non-bank lending. Views have been gathered to contribute to the taskforce from 100+ respondents to the review’s call for evidence and from seven regional and technical workshops the taskforce has held with businesses and market participants. This covered information on, and experiences of, the barriers to non-bank lending, and a range of ideas and insights into how they might be tackled.
Thetaskforce’s report recommends areas where industry can act to stimulate andexpand alternative finance markets and where there are actions for Government totake. The Government agreed with the analysis set out in the report, welcomes thecommitment shown by those named in the report in taking forward therecommendations, and commits to work with businesses and the broader financecommunity to address these important objectives.
Details of the full report: