FCA Scale-up Unit opens for solo-regulated firms
The Financial Conduct Authority's Scale-up Unit is now open for solo-regulated financial firms seeking tailored support. The unit helps innovative businesses navigate regulation to scale sustainably.
Tailored support for sustainable growth
The Scale-up Unit offers a dedicated point of contact and practical support, designed to help firms navigate complex regulatory processes.
This includes assistance in developing innovative products and understanding the impact of evolving policy changes.
Jessica Rusu, FCA chief data, information and intelligence officer, emphasized the initiative's goal: 'We want firms to be able to grow with confidence. This initiative will help them navigate regulation, scale sustainably and contribute to making the UK the best place to start and grow a financial services business.'
The unit aims to foster an environment where financial services businesses can expand while adhering to robust regulatory standards, ensuring market integrity and consumer protection.
This proactive approach by the FCA underscores its commitment to supporting the UK's position as a global financial hub, by enabling innovation without compromising stability.
Pilot program informs wider policy
The FCA and PRA are already supporting 6 dual-regulated firms through the Scale-up Unit as part of a successful pilot program.
This initial phase has provided the FCA with valuable insights into the most effective ways to support growing firms, a dialogue that will continue with solo-regulated firms.
The insights gathered from participating businesses are crucial for informing wider policy and process improvements within the regulatory framework.
This ensures that regulation can effectively keep pace with the rapid advancements and innovations in the financial services sector.
Applications for FCA solo-regulated firms to join the Scale-up Unit are open from May 20 to June 22, 2026, providing a limited window for eligible businesses to apply for this specialized support.