HM Treasury announced a new Scale-up Unit, jointly led by the Financial Conduct Authority and Prudential Regulation Authority, to provide tailored support to high-growth financial services firms on navigating rules and regulation as they scale. The service will open initially to fast-growing deposit-takers and insurers, offering a clear point of contact with the FCA and PRA, dedicated resource, and support aimed at securing timely responses to regulatory queries. The unit is expected to expand to other scaling financial services firms, including fintechs, from early next year, alongside a planned Sprint event bringing together industry, investors and regulators to identify and address barriers to scaling regulated, innovative firms across UK regions.
HM Treasury 2025-10-24
United Kingdom's HM Treasury launches FCA and PRA Scale-up Unit for bespoke support to fast-growing banks and insurers
HM Treasury has launched a Scale-up Unit, led by the Financial Conduct Authority and Prudential Regulation Authority, to assist high-growth financial services firms with regulatory navigation. Initially targeting fast-growing deposit-takers and insurers, the unit will expand to include fintechs next year. A Sprint event is planned to address scaling barriers for innovative firms across the UK.