APPGs face a challenge in securing support from organisations with an interest in their subject without running the risk compromising their independence and objectivity. Most are funded through membership fees, sponsorship arrangements and the support of a secretariat service through which information is collated and disseminated.
The APPG for Fair Business Banking is therefore supported by annual subscription fees from Associate Members, by individual sponsorship from companies and other interested groups through the support of its secretariat, the FBB Foundation. Associate Members have no say over the running of the group, and sponsorship confers no special access or privileges. All funds received (no matter how great or small the amount) are declared within the accounts of the FBB Foundation and reported to the Office of the Parliamentary Commissioner for Standards.
All Party Parliamentary Groups
An All Party Parliamentary Group (APPG) is an interest group that occupies a strategic and effective position within Parliament. It is cross-party, with a minimum number of parliamentarians from the Government and the official opposition, and cross-house, made up of both peers and MPs.
The APPG on Fair Business Banking is a platform through which businesses, professionals and trade bodies can discuss issues regarding commercial banking and its role in the life cycle of a business, and through which parliamentarians can access information on banking, finance and related issues, including business rescue and insolvency, on behalf of constituents.
As a cross-party group, the APPG is an effective vehicle to effect meaningful change via the Parliamentary system. The Group’s status is that of an APPG is bound by the rules set out by The Office of the Parliamentary Commissioner for Standards. It does not have charitable status, or official status in the House, nor is it funded by Parliament. It relies wholly on the participation and contribution of parliamentarians, industry members and stakeholders committed to creating a strong platform for business in the UK to thrive.
The APPG is co-ordinated and administered via the APPG on Fair Business Banking Secretariat.