BIPA members and BBB discuss designation process under the terms of the SBEE 2015
Following a meeting between BIPA and the British Business Bank (BBB) BIPA members have been engaging individually with the BBB who are acting on behalf of HM Treasury to discuss the process for official “designation” under the terms of the SBEE 2015.
Once this process is completed “Designated” CRAs will become the route for the disclosure to Alternative Finance Providers of Small Business Credit Information currently held by banks. This should significantly improve access to finance for smaller companies.
If you have any specific questions for BIPA concerning this or wish to comment further please contact BIPA