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30 November 2015

FSB responds to Funding for Lending scheme extension

Commenting on the Bank of England’s decision to extend the Funding for Lending scheme for another two years, John Allan, National Chairman for the Federation of Small Businesses, said:

FSB has been calling on Ministers and the Bank of England to carefully consider the future of the Funding for Lending scheme and we welcome this two-year extension announced today. Providing smaller lenders and newer entrants to the market with greater access to the scheme is a sensible move. It should help them compete with the bigger banks and over time, provide businesses with a wider range of finance options.”