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UK’s CFIT to Launch Coalition Focused on Small Business Finance

  • The Centre for Finance, Innovation and Technology (CFIT) has announced the launch of a new coalition focused on helping small businesses in the UK raise external finance.
  • Partnered with Mastercard and Lloyds Bank, the coalition will develop technology, policy, and regulatory solutions to address the challenges faced by small businesses in accessing funding.
  • Planned projects include an SMB digital finance education tool, a digital marketplace, and an SMB resilience index.
  • The coalition aims to improve awareness, increase application for suitable finance, and support the growth of small businesses in the UK.

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