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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 basic banking services, with banks citing ESG and de-risking policies that treat defence work as a reputational liability. Critics argue the policies are blocking legitimate businesses critical to national security, and the issue has prompted debate over whether financial institutions should reconsider how they classify the defence sector.

Why now: Concerns are growing that ESG screening is cutting defence firms off from essential financial services amid heightened European security tensions.

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• UK Defence Startups Are Being Denied Banking Services Under ESG Rules · fascinnn · 68

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