Banks: Loans

(asked on 10th December 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much from the Funding for Lending scheme has been allocated (a) for lending on mortgages prior to the change in rules for such lending in 2014 and (b) for lending to small and medium-sized enterprises since the change in those rules.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 17th December 2015

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

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