Aldersgate Group reaction: Mansion House speech and Financial Services Growth and Competitiveness Strategy

Rachel Solomon Williams, Executive Director at the Aldersgate Group, said: “It’s positive to see the Chancellor identify sustainable finance as a key growth opportunity for the UK. In a challenging geopolitical landscape, we have a unique opportunity to maintain and build on our position as a global leader on this crucial issue. The roadmap in the strategy is a positive development; what we need to see now is effective delivery. The government’s commitment to a streamlined regulatory environment will help to support this, but should maintain high standards through a focus on effective design, reporting, and enforcement.

“We look forward to seeing government implement the Strategy’s plans to provide an effective, yet proportionate sustainable finance regulatory framework, bolster the skills of the financial services sector, and utilise Public Financial Institutions to crowd-in private finance. These measures, alongside the Modern Industrial Strategy and other real economy policies, will help to maximise sustainable investment in the UK. It’s now down to the government to ensure it can deliver.”