DIT announces a series of measures to boost FinTech exports
techUK welcomes a series of measures-announced by the Department for International Trade (DIT)- aimed at boosting UK FinTech sector exports. The new package of measures are in response to the publication of the Kalifa Review in February 2021, calling for further support to the ongoing success of the UK’s FinTech industry.
techUK welcomed the publication of the Fintech Review by HM Treasury, which was formally launched in July 2020 with objectives for supporting the growth and widespread adoption of UK fintech and for maintaining the UK’s global fintech reputation.
To promote the UK as a global hub for FinTech and digital service, this new initiative will include bespoke FinTech Export Academy and FinTech Champions scheme to provide 1-2-1, sector-specific advice.
The new Fintech Export Academy program will provide focused support for selected potential companies, enabling them to scale up and enter the international market faster than their competitors. Meanwhile, the FinTech Champions scheme will harness already successful firms to provide advice and support to those who are breaking through and act as global ambassadors for the UK Fintech scene.
If members have any questions about any of the above or would like to engage, please reach out to [email protected].