Banks: Closures

(asked on 22nd February 2022) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the impact of bank branch closures on small and medium sized charities.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 14th March 2022

We regularly engage with sector representatives to understand challenges and opportunities facing the sector, as does the Fundraising Regulator and the Charity Commission. The Charity Commission also works with relevant partners, including government, the banking sector, and the charity sector to discuss a range of banking issues faced by charities.

To date, DCMS has not received representations about the immediate risk to the sector of branch closures. However, we are aware of the longer term pressures that a move towards a cashless society will create for some in the sector. The government is keen to engage on this issue with the sector and regulators.

Reticulating Splines