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BOE and UK government extend Funding for Lending scheme by 2 years

Discussion in 'Fundamental Analysis' started by ForexLive, Nov 30, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Announcement made a short while ago by BOE and HM Treasury Says the statement: The Bank of England and HM Treasury are today announcing a two-year extension to the Funding for Lending Scheme (FLS). This extension will provide participants with additional flexibility to draw unused drawing allowances earned for positive net lending, with funding remaining available to support further improvements in credit conditions for small and medium-sized enterprises (SMEs). The extension will also ensure that the scheme is gradually phased out, with borrowing allowances reducing over time, thereby minimising risks to the economic recovery from the withdrawal of funding support.

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