FCA | Jessica Rusu | Jun 10, 2022
“A record £30bn was invested in UK FinTech companies in 2021. To keep pace with a rapidly changing world and deliver on our commitments we offer a range of Innovation services to promote competitiveness in the UK FinTech market.
The Regulatory Sandbox allows businesses to test innovative propositions in the live market with real consumers, alongside regulatory oversight.
92% of firms who have used the Regulatory Sandbox go on to become successfully authorised.
80% of firms that were tested in the Regulatory Sandbox are still in operation.
We measured that this cohort has much higher probability of raising investment, and on average receives 15% more, vs. other non-Innovate firms.