Capability and Innovation Fund

To understand how BCR makes CIF grant decisions, see here

As of today, BCR is monitoring delivery of 26 awards across six pools How BCR monitors Capability and Innovation Fund awardees can be found here

To facilitate the development of more advanced business current account offerings and ancillary products for SMEs in the UK giving preference to beneficiaries with an established business current account offering

To facilitate the modernisation of existing business current account offerings or the development of new business current accounts or ancillary product propositions for SMEs in the UK

To facilitate the expansion of business offerings to include, lending or payments services to SMEs in the United Kingdom or international payments services to SMEs in the United Kingdom

To facilitate the commercialisation of financial technology that is relevant to SMEs

Purpose (Pool A Bodies): Purpose (Pool B Bodies): Purpose (Pool C Bodies): Number and value of grants (February 2019): £100 million – Starling Bank Limited

£60 million – ClearBank Ltd

• £50 million returned by Metro Bank PLC in February 2020 Number and value of grants (May 2019): £15 million – Investec Bank plc £15 million – The Co-operative Bank
• £50 million returned by Nationwide Building Society in April 2020 Number and value of grants (August 2019): £10 million – Atom Bank PLC £10 million – iwoca Ltd £10 million – Modulr Finance Limited £10 million – The Currency Cloud Group Ltd Number and value of grants (June 2019): £5 million – Codat Limited £5 million – Fluidly Limited £5 million – Form3 Ltd £5 million – Funding Options Limited £5 million – Swoop Finance Limited