 For the referral scheme to perform as envisaged by the UK Government, the businesses affected must give formal permission to the bank to pass on their information to platforms.Business owners have expressed concern and confusion as to how the referral scheme will perform in practice.Concerns have centred around the high-interest rates that are charged by alternative finance providers, how confidential information will be treated by the designated platforms who are small start-up businesses and the possibility of being contacted by a number of unknown companies who have had access to confidential business and financial information.