The Peer-to-Peer Finance Association (P2PFA) has released figures which show that the Peer-to-Peer (P2P) lending industry has issued loans worth a cumulative £2.6bn. The P2P industry lent more than £459 million in Q1 2015, an increase of almost a third compared to Q4 2014.

Christine Farnish, Chair of the P2PFA, said “We are continuing to see strong appetite in the consumer market and a significant increase in lending flow to businesses too.” Christine also commented that “The future decision around how peer-to-peer lending will work within the ISA wrapper remains crucial for the industry this year.”

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