Chetwood Bank picked for FCA and PRA Scale Up initiative

Chetwood Bank has been selected to participate in the second cohort of the PRA and FCA’s Scale-up Unit.

As such, the challenger bank will benefit from tailored support in areas such as regulatory processes, product innovation, impact of new policy proposals and sector engagement

Announced by the chancellor in October 2025, the scale-up unit was created to provide support for fast-growing and innovative firms as they develop new products, attract new customers and move into new markets.

The unit is intended to provide a smoother and more supportive regulatory experience for firms as they go through a critical growth phase.

Chetwood Bank has stressed that participation in the scale-up unit does not imply endorsement by the FCA or PRA of any aspect of the bank, its products or innovations

“We’re delighted to have been selected to join the second cohort of the Scale-up Unit,” said Paul Noble, CEO at Chetwood Bank (pictured above).

“As a rapidly growing bank, the scale-up unit offers us a valuable opportunity to engage more closely with both the FCA and PRA, helping us navigate an increasingly complex regulatory environment while supporting our growth ambitions.

“We believe participation in the initiative will support us in continuing that journey at pace, with the confidence that comes from strong regulatory engagement and understanding."