Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 13 September 2024 to Question 4779 on Banking Hubs, what the timeline is for the roll-out of the new banking hubs; and whether (a) Cash Access UK and (b) LINK are considering St Ives in Cambridgeshire as the location of a hub.

The Government is working closely with industry to roll out 350 banking hubs across the UK. The UK banking sector has committed to deliver these hubs by the end of this parliament. Currently, over 80 banking hubs are already open and Cash Access UK, who oversee banking hub rollout, expect 100 hubs to be open by Christmas.

The specific location of these hubs is determined independently by LINK, the operator of the UK’s largest ATM network. Criteria that LINK consider include whether another bank branch remains nearby, local population, number of cash-accepting businesses and the financial vulnerability of the community.