The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined. Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the BOE in July of 2012 and was designed to incentivize banks to increase lending.
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Report: Lending to SMEs Declines as Banks Attempt to Ease Loan Process
Dec 01, 2014