Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.

This question was answered on 11th March 2019
According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.

The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors.