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UK Defence Startups Denied Banking Under ESG Rules

Original: UK Defence Startups Are Being Denied Banking Services Under ESG Rules

UK defence startups are reportedly being refused banking services as financial institutions apply ESG screening rules that treat arms-related work as risky or unpalatable. The claim has sparked debate over whether banks are overextending environmental, social and governance policies to exclude legitimate, government-linked defence businesses. Critics argue this undermines national security and innovation; supporters say banks are entitled to manage reputational risk.

Why now: Ongoing debate over ESG overreach and its impact on the UK defence sector

UK defence startupsUK banksESG

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