Check your eligibility for the Capability and Innovation Fund Pool F

1. In order to be eligible to receive funding from the Capability and Innovation Fund, the Applicant Company must be a:

Pool A Body

be a deposit-taking entity:

(i) which has a Business Current Account offering;

(ii) which is authorised by the PRA to take deposits;

(iii) which is an entity domiciled in the United Kingdom, the European Union, the European Economic Area or Switzerland;

(iv) which has gross assets in the United Kingdom of less than £350 billion shown in its latest published consolidated accounts (or interim balance sheet);

(v) whose income in the United Kingdom relates primarily to the provision of deposit-taking, lending or payment services to individuals and businesses in the United Kingdom; and 

(vi) which has expressed an intention to expand its business offering to SMEs in the United Kingdom through the development of new products, expansion into new geographical markets or new business segments and/or investing in its customer service levels (“Pool A Body”);

Pool B Body

be a deposit-taking entity which meets the criteria set out in (ii) to (vi) (inclusive) of the definition of a Pool A Body and has publicly stated its intention to launch a Business Current Account Offering (and shall include any Pool A Body); 

Pool C Body

be:

(i) a Pool A Body;

(ii) a Pool B Body; or

(iii) an entity (not being a Pool A Body or a Pool B Body): which (a) is domiciled in the United Kingdom, the European Union, the European Economic Area or Switzerland; (b) derives (or, if such entity is part of a group, such group derives) the majority of its revenue from the provision of financial services to individuals and businesses; and (c) offers, or has expressed an intention to expand its business offering to include, lending or payment services to SMEs in the United Kingdom or international payments services to SMEs in the United Kingdom (“Pool C Body”).

2) Eligibility to receive funding from the Capability and Innovation Fund will be determined at the absolute discretion of BCR and any determination of BCR as to eligibility of an Applicant Company to receive funding from the Capability and Innovation Fund shall be conclusive.

3) The Applicant Company must provide to BCR on request such information as the Independent Body considers necessary or desirable in order to determine whether such applicant is eligible to receive funding from the Capability and Innovation Fund.