Details

Industries

Banking,Business Development,Finance,Financial Services,FinTech,Government

Founded date

May 1, 2019

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Government Office

Capability and Innovation Fund empower eligible bodies to improve the financial products and services. Capability and Innovation Fund also encourages to improve capability to compete with RBS in providing banking services to SMEs.

Capability and Innovation Fund is managed by BCR and consists a total of £425 million which is divided into four pools, Pool A, Pool B, Pool C, and Pool D.

Pool A enables the development of advanced business current account offerings and ancillary products for SMEs, giving preference to beneficiaries with an established business current account offering. Pool B enables the modernization of existing business current account offerings or the development of new ancillary product propositions. Pool C enables the expansion of business offerings to include, lending, or international payments services. Lastly, Pool D, which enables the commercialization of financial technology that is relevant to SMEs.