Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much of the £70 billion due to be allocated under the Funding for Lending Scheme has been allocated so far.

UK banks and building societies that participate in in the Funding for Lending Scheme (FLS) are able to borrow funding from the Bank of England, with the amount they are able to borrow (their ‘borrowing allowance’) linked to their net lending performance. FLS usage and lending data is published on the Bank of England website at the following link: http://www.bankofengland.co.uk/markets/Pages/FLS/extensiondata.aspx