Alternative Lending APPG

First Registered: 12/10/2016 • Last updated on: 06/10/2021

Official Page

To help legislators keep pace with a rapidly evolving sector, and help them understand the effects of change both on employers and consumers. To provide a forum where MPs and peers can talk to lenders and ensure the market develops in harmony with policy.

Note: All-Party Parliamentary Groups (APPGs) are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country. APPGs have no official status within Parliament.


This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Alternative Lending

1. iwoca - written evidence
17/04/2018 - Inquiry: SME Finance - Treasury Committee
- View source

Found: convoluted forms, long waits and unfairly rigid lending criteria. Instead, iwoca is building award-winning

2. 24th Report - SME Finance
26/10/2018 - Inquiry: SME Finance - Treasury Committee
- View source

Found: Bank lending Competition in the provision of SME finance Banking competition The RBS Alternative Remedies

3. New Economics Foundation
27/11/2019 - Competition and Markets Authority
- View source

Found: Statement. Technological inn ovations and alternative finance (para 14) We welcome the analysis commissioned

4. Investment Bulletins
02/12/2019 - Government Actuary's Department
- View source

Found: the Funding for Lending scheme, which offers low-cost funding in return for lending to smaller firms

5. Review of banking for small and medium-sized businesses (SMEs) in the UK: Update on progress
27/11/2019 - Competition and Markets Authority
- View source

Found: new or small providers to make more effective lending decisions, thereby helping them to compete more

Latest Documents
Recent Speeches related to Alternative Lending

1. Small and Medium-sized Enterprises: Clydesdale Bank
19/03/2019 - Lords Chamber

1: now covered by the standards of lending practice—overseen by the Lending Standards Board—to which Clydesdale - Speech Link
2: Is that really the case? On what basis will the Lending Standards Board, which he mentioned, be able to - Speech Link
3: schemes to which he referred are better than the alternative—a statutory independent tribunal, which the Treasury - Speech Link

2. Scottish Affairs Committee
07/06/2018 - Commons Chamber

1: We also took the opportunity to hear from the Lending Standards Board, which oversees the voluntary code - Speech Link
2: any of these branches, so does he agree that the Lending Standards Board should immediately publish all - Speech Link
3: right to say that there are major issues with the Lending Standards Board when it comes to the consultation - Speech Link

3. Affordable Credit for People on Low Incomes
05/12/2018 - Westminster Hall

1: that. Does he agree that there must be a viable alternative to the payday loans he is referring to? Could - Speech Link
2: highlight some of the appalling and exploitative lending practices that target many of the most vulnerable - Speech Link
3: They need us to recognise the lessons of payday lending—the lessons of those interest rates. It is not - Speech Link

4. Mortgage Prisoners
06/06/2019 - Commons Chamber

1: existing mortgage prisoners to switch to an alternative product with their present lender, but that does - Speech Link
2: has indicated it will look to sell it to a good lending bank, but is it not absurd that it is dependent - Speech Link
3: introduced a private Member’s Bill—the Secured Lending Reform Bill—that sought to rectify a major deficiency - Speech Link

5. Banking (Cash Machine Charges and Financial Inclusion)
16/05/2018 - Commons Chamber

1: the Financial Conduct Authority, rather than the Lending Standards Board. The new standard would introduce - Speech Link

Latest Speeches
Recent Questions related to Alternative Lending
1. Alternative Education
asked by: Lord Storey
29/03/2021
...To ask Her Majesty's Government how many alternative schools are registered; and what estimate they have made of the number of unregistered alternative providers.

2. Alternative Fuels
asked by: Dehenna Davison
04/02/2021
... what progress his Department has made in introducing E10 fuel to UK forecourts as part of the Government’s Build Back Better and green recovery plans.

3. Alternative Fuels
asked by: Stephen Crabb
11/03/2020
... what steps his Department is taking to incentivise industry to engage in the Industrial Cluster Mission challenge; and what financial mechanisms his Department is assessing to support the development low-carbon liquid fuels.

4. Public Lending Right
asked by: Patrick Grady
26/01/2021
... what assessment he has made of the potential merits of increasing the rate of payment per book loan under the Public Lending Right.

5. Public Lending Right
asked by: Rupa Huq
26/01/2021
... what plans he has to increase funding to the Public Lending Right fund.

Latest Questions
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5 Current APPG Officers
Lord Flight Portrait
Lord Flight
Vice Chair
Conservative - Life peer
Joined: 12th October 2016
Lord Sharkey Portrait
Lord Sharkey
Vice Chair
Liberal Democrat - Life peer
Joined: 12th October 2016
Contact Details

Registered Contact:

Julian Knight MP, House of Commons, London, SW1A 0AA. Tel: 020 7219 3577.

Email: julian.knight.mp@parliament.uk

Group's Website:

http://appgalternativelending.com/

Benefits in Kind
Date
13 Sep 2016
Source
Centaurus Communications Ltd
Description
Secretariat   From : 14/09/2016 To : 13/09/2017
Value
£13,501
Financial Benefits Received
Date
30 May 2018
Source
Finance and Leasing Association
Value
£5,000
Former APPG Officers
Chris Leslie Portrait
Chris Leslie
Vice Chair
The Independent Group for Change - Former Member for Nottingham East
Joined: 12th October 2016
Departed: 5th November 2019
No other APPG Memberships
Lee Rowley Portrait
Lee Rowley
Chair & Registered Contact
Conservative - North East Derbyshire
Joined: 28th September 2017
Departed: 11th September 2019
Robert Jenrick Portrait
Robert Jenrick
Vice Chair
Conservative - Newark
Joined: 12th October 2016
Departed: 29th August 2018
No other APPG Memberships
Chris Leslie Portrait
Chris Leslie
Vice Chair
The Independent Group for Change - Former Member for Nottingham East
Joined: 12th October 2016
Departed: 2nd May 2017
No other APPG Memberships