Small Businesses: Finance
Commons · Question 98756 · Tabled 10 Dec 2025 · Treasury · Official record
Answered 15 Dec 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, how she will notify SMEs that their bank is a designated bank under any scheme set up to ensure customers that are rejected for finance approval can be matched with alternatives who will offer support.
Answer
Answered by Lucy Rigby, 15 Dec 2025
The Bank Referral Scheme is an initiative dating back to 2014, which requires major lenders (designated banks) to refer SME customers that they reject for finance, with the SMEs’ permission, to finance platforms that can match the SME with alternative fin...