UK FinTech
State of the Nation
About Department for International Trade (DIT)
DIT secure UK and global prosperity by promoting and financing international trade and investment, and
championing free trade.
We are an international economic department, responsible for:
bringing together policy, promotion and financial expertise to break down barriers to trade and investment, and help
businesses succeed
delivering a new trade policy framework for the UK as we leave the EU
promoting British trade and investment across the world
building the global appetite for British goods and services
About HM Treasury (HMT)
HM Treasury is the government's economic and finance ministry, maintaining control over public spending, setting the
direction of the UK's economic policy and working to achieve strong and sustainable economic growth.
Responsibilities include:
public spending: including departmental spending, public sector pay and pension, annually managed expenditure (AME)
and welfare policy, and capital investment
financial services policy: including banking and financial services regulation, financial stability, and ensuring
competitiveness in the City
strategic oversight of the UK tax system: including direct, indirect, business, property, personal tax, and corporation tax
the delivery of infrastructure projects across the public sector and facilitating private sector investment into
UK infrastructure
ensuring the economy is growing sustainably
About Innovate Finance
Innovate Finance is an independent membership association that represents the UK's global FinTech community.
More than 250 global members have joined the Innovate Finance ecosystem to date. These companies range from
seed stage startups to global financial institutions and professional services firms. All benefit from Innovate Finance's
leading position as a single point of access to promote enabling policy and regulation, talent development, and business
opportunity and investment capital.
About the
document and
acknowledgments
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