Phil Boswell – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Phil Boswell on 2015-12-10.

To ask Mr Chancellor of the Exchequer, how his Department and the Bank of England assess the performance of small and medium-sized enterprises which have received a loan through the Funding for Lending scheme.

Harriett Baldwin

The Bank of England does not lend directly to small and medium sized enterprises as part of the Funding for Lending Scheme (FLS). Under the FLS, the Bank of England provides funding to UK banks and building societies participating in the scheme. The amount of funding participant banks and building societies are eligible to borrow from the Bank of England is determined by their net lending to certain sectors of the economy.