Correspondence

Funding for Lending Scheme re-focus on support for business 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 re-focus of the Funding for Lending Scheme to support business lending in 2014.

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

Document

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

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The Bank of England and HM Treasury have announced changes to the terms of the Funding for Lending Scheme (FLS) extension to re-focus the incentives in the scheme towards supporting business lending in 2014. The first phase of the FLS, which ends on 31 January 2014, is unaffected by this announcement.

Published 28 November 2013