Introduction
The Scale-up Unit is a joint initiative by the UK’s financial regulators, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), to enhance engagement with fast-growing, innovative firms. This builds on our support for early-stage innovative firms, including through the joint PRA and FCA New Bank and Insurer Start-up Units, and reinforces our commitment to supporting firms at different stages of their life cycle.
In recognition of the feedback we have heard that different segments of the financial services industry require different types of support from the regulators for scaling up, the Scale-up Unit will support three distinct sectors: Banks and Building Societies; Insurers; and FCA solo-regulated firms. The offerings for each sector have been tailored to reflect their specific needs based on feedback gathered from industry. Further industry-wide engagement will occur across all three sectors to gather input which will help shape the future direction of the Unit. You can find out more about the work of the Scale-up Unit for each sector from the links below: