The Government’s strategies to grow the economy – spanning industrial renewal, infrastructure, housing, SMEs, trade and financial inclusion – all depend on a strong and agile financial services sector with the capacity and confidence to support, lend and invest.

The report is therefore a practical document which identifies nine priority Growth Enablers grounded in the government and regulators’ existing financial services reform agenda. It sets out what needs to be delivered, by whom and when, and where moving faster or going further could unlock greater gains for people and businesses. 

Delivering these reforms will require clear sequencing, strong accountability, and sustained collaboration between government, regulators, and industry. This work is already producing results. Mortgage rules have been reformed, with 391,000 first time buyers helped onto the housing ladder in 2025 – an increase of almost 18 per cent in a single year. 

The nine enablers are mutually reinforcing and taken together, they could unlock investment in new homes and infrastructure, expand support for SMEs, and strengthen the capital and financial markets that underpin the UK’s long‑term growth.

David Postings, Chief Executive of UK Finance said: 

The government has outlined a clear and ambitious direction for economic growth, and banking and finance sit right at the heart of the push for growth. UK Finance and our members have helped shape a financial services reform agenda that is already showing results. The priority now is to focus on delivery, which will strengthen the sector’s contribution to supporting people, businesses, and communities across the UK

The report is being launched alongside an event on Monday 11 May featuring:

• Lucy Rigby KC MP, Economic Secretary to the Treasury, 
• Sam Woods, Deputy Governor, Bank of England and Chief Executive of the PRA
• Nikhil Rathi, Chief Executive, FCA
• Julia Hoggett DBE, Chief Executive of the London Stock Exchange