Published: February 4, 2026 at 9:34 am
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have announced the first cohort of banks and building societies to benefit from their joint Scale-up Unit.
The Scale-up Unit, announced last year, is designed to build stronger ties and provide tailored support for fast-growing and innovative financial firms, helping them to grow sustainably at pace.
The six firms that expressed interest and have been accepted to the first cohort are Allica Bank, ClearBank, Monument Bank, Nottingham Building Society, OakNorth Bank and Zopa Bank.
These firms will receive support designed to help them navigate the regulatory landscape as they develop new products, attract new customers and move into new markets.