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Innovate Finance CEO Joins Business Roundtable with Economic Secretary

Our CEO, Charlotte Crosswell, this week attended a business roundtable led by the Economic Secretary to the Treasury John Glen MP, alongside several trade bodies and member organisations representing the financial services industry. With uncertainty still surrounding Brexit and its implications for the sector, Charlotte raised a number of key challenges and subsequent asks on behalf of our members.

Discussions surrounding UK competitiveness, regulation, P2P changes to investment limits, and the current skills pipeline were prominent themes.

Charlotte specifically raised the issue of the current Enterprise Management Incentive (EMI) levels for FinTech companies looking to attract the best talent. In addition, Charlotte reiterated support for an extension to the current post-study work visa from six months to two years. Since the meeting this proposal has been announced by Government, allowing top-tier international talent to remain in the UK.

Alongside this proposal, Charlotte raised the notion of a scale-up visa, for companies looking to attract specialised skills for fast growth.

It was recognised that the international competitiveness of our businesses remains key to the future growth of innovation in financial services, that government initiatives to support this growth are welcome, and we must nurture our FinTech companies by providing them with the best environment in which to flourish.