Correspondence

Funding for Lending Scheme extension to support SME lending: letters between the Chancellor and Governor of the Bank of England

Exchange of letters between the Chancellor of the Exchequer and Governor of the Bank of England on the extension of the Funding for Lending Scheme to support SME lending in 2015.

• From: HM Treasury and The Rt Hon George Osborne
• Published: 2 December 2014

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Letter from the Chancellor to the Governor of the Bank of England

PDF, 53.3 KB, 2 pages

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Letter from the Governor of the Bank of England to the Chancellor

PDF, 50.7 KB, 2 pages

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Details

The Bank of England and HM Treasury have announced an extension of the Funding for Lending Scheme (FLS) for one year. The current window for banks to borrow from the scheme will remain open until 29 January 2016, and in this period the scheme will focus its incentives towards supporting lending to SMEs.

Read the joint press notice issued by the Bank of England and HM Treasury.

Published 2 December 2014