Capability and Innovation Fund
(asked on 8th September 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 September 2017 to Question 6052, what proportion of the £425 million Capability and Innovation Fund will be made available to (a) challenger banks and (b) other financial services providers.
This question was answered on 13th September 2017
The £425 million Capability and Innovation Fund is made up of 15 separate awards that eligible challenger banks and other financial service providers can compete for. These awards will range from £5 million to £120 million.
We will be releasing further details on the Capability and Innovation Fund once the European Commission have announced their final decision.