UK Financial Regulators Launch Scale-up Unit to Support High-Growth Firms
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the UK have launched a new initiative called the Scale-up Unit. Announced by Chancellor of the Exchequer Rachel Reeves in October 2025, this initiative aims to provide regulatory support to high-growth financial services firms. The first cohort of firms selected includes Allica Bank, ClearBank, OakNorth, Nottingham Building Society, Monument, and Zopa Bank. The initiative is part of the UK Government’s Financial Services Growth and Competitiveness Strategy, designed to help these firms navigate complex regulations and foster job creation across the UK. 
