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<p>The Government has reached an agreement in principle with the European Commission
(EC) on a plan to resolve the Royal Bank of Scotland’s (RBS) final State aid commitment.
The plan will see RBS fund and deliver a package of measures to boost competition
in business banking.</p><p> </p><p>The £425 million Capability & Innovation Fund
element of the package will be made available to eligible challenger banks and other
financial services providers. Full details, including precise eligibility criteria,
will be announced in the Autumn subject to the EC adopting its formal decision.</p>
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