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<p>Our position has always been that the Government does not provide capital to financial
institutions, who must source their own funding.</p><p> </p><p>Challenger banks and
non-bank lenders among the 29 accredited lenders under the Bounce Back Loan Scheme
have played a vital role in providing 1.4 million businesses with vital financial
support worth over £42 billion.</p><p> </p><p>The Treasury recognises the vital role
that challenger banks and non-banks play in the provision of credit to SMEs. It is
grateful for the way the sector has responded to the current crisis, and remains committed
to promoting competition and widening the funding options available to UK businesses.</p>
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