UK Payments Delivery Company (UK PDC) has launched an equity capital raise, opening an opportunity for eligible organisations across the UK payments ecosystem to invest in the company that will help deliver the next generation of UK retail payments infrastructure.
UK PDC is being established as part of the model announced by the Bank of England to support the future development of UK retail payments infrastructure and the ambitions of HM Treasury’s National Payments Vision.
The launch marks an important next step for UK PDC as the programme moves from mobilisation towards incorporation and delivery.
Following a call for initial funders in Q4 2025, 19 organisations came together to support the programme’s mobilisation. The capital raise will provide funding to establish UK PDC and progress its initial development milestones, while giving eligible organisations the opportunity to become shareholders at a formative stage in the company’s development.
Eligible organisations interested in exploring the opportunity can find further information, including participation criteria and details of how to express an interest, on the UK PDC website [link: https://deliverco.uk/funding].
Eligible organisations are encouraged to submit an expression of interest as soon as practicable.
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This page and the expression of interest form are for information only. They do not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction, and do not form the basis of, or any inducement to enter into, any contract or investment decision. Any investment in UK PDC will be made only on the basis of definitive transaction documents entered into between the investor and UK PDC. This communication is directed only at persons who: (a) have professional experience in matters relating to investments and who fall within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons who do not fall within that category should not rely on it or act on it. Ernst & Young LLP is acting as financial adviser to UK Finance Limited on behalf of the UK PDC programme and is arranging and administering the expression of interest process. EY will receive all expressions of interest and will act as the sole point of contact for communications with prospective investors in connection with the process; all enquiries should be directed to EY. Submission of an expression of interest creates no legal or contractual obligation on any party and does not guarantee participation in the process or access to further information. UK PDC, UK Finance Limited and their advisers reserve the right to amend, suspend or terminate the process, or to reject any expression of interest, at their discretion and without giving reasons. No party will be responsible for any costs or expenses incurred in connection with the process.
