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UK banking lobby calls for taskforce for small businesses to help them with green obligations

By Sofia Gerace ( May 14, 2024, 15:51 GMT | Insight) -- Smaller UK businesses that need banks' backing but are struggling with sustainability obligations need the government to set up a dedicated taskforce to address their regulatory challenges, the country's key finance lobby group has urged. In a report released today, UK Finance said that most of Britain's small- to medium-sized enterprises are not ready for the hard road towards net zero and risk pushing away investors.Smaller UK businesses that need banks' backing but are struggling with sustainability obligations need the government to set up a dedicated taskforce to address their regulatory challenges, the country's key finance lobby group has urged....

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