The first meeting of the APPG on Alternative Lending took place on14 September 2016. The founding members were Julian Knight MP, Lord Sharkey, Chris Evans MP, Robert Jenrick MP and Lord Haskel. It was decided that the APPG would look at the full breath of the alternative lending market, focusing on non-bank lending while also looking at aspects of bank based lending where they overlap. The purpose was to create an open forum where legislators could discuss market developments with lenders and consumer representatives with the purpose of ensuring open and fluid credit markets which serve consumer needs while providing adequate and proportionate protections at the same time.
It was also agreed that Centaurus Communications should act as the secretariat of the group. The Group would organise a regular programme of 6 – 8 events each year on a wide range of topics and issues..