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Dato: 20.04.2024

Creditsafe to become Government designated credit reference agency

Creditsafe, the world’s most used provider of company credit reports, today confirmed that the Government has recommended it as a designated credit reference agency (CRA)

The new appointment, announced in yesterday’s Autumn Statement, means that Creditsafe is one of only three CRAs that will be trusted by HM Treasury to receive SME credit information held by banks. It will contribute to a wider initiative introduced by the Small Business Act 2015 to increase financing opportunities for smaller businesses.

Creditsafe’s role as a designated CRA will be to receive SME credit information from designated banks and provide equal access to this information to all finance providers. This is a significant milestone in a major structural reform that will promote competition in the SME credit market. Kilde: creditman.co.uk

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26.11.15
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