Taxpayer Bank Invests in P2P Lending

15th December 2016
P2P, Peer to Peer Lending

Business Insider UK

A report by Business Insider UK has highlighted that £85 million of taxpayer money is currently invested in the peer-to-peer lending (P2P) sector by the state-owned British Business Bank (BBB).

According to the report, the BBB has invested £60 million in Funding Circle, £15 million in Market Invoice and £10 million in RateSetter.

The Bank, which was set up in 2012 with £1 billion of taxpayer funding is designed to increase funding in SMEs indirectly, through intermediaries such as P2P.[1]

 

 

 

 



[1] http://uk.businessinsider.com/british-business-banks-investment-in-peer-to-peer-platforms-after-fca-review-2016-12?r=US&IR=T

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