Capability and Innovation Fund

• Details
• Tagged entities

Properties

SES ID

• 441129

Notation

• 441129

In scheme

• Subject

Broader

• Names of funds (Concepts)

Related

• Williams and Glyn Fund
• Williams and Glyns Bank Group

Scope note

• Capability and Innovation Fund (£425m) is independently administered; additional so-called Williams & Glyn Fund (£350) is allocated within RBS for similar purposes.

Definition

• An independently administered £425 million fund, comprised of 15 grants competed for by eligible challenger banks and other financial services providers to increase their business banking capabilities. Established 2017 alongside Williams & Glyn Fund to fulfil RBS's state aid commitments following 2008 government intervention.