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 much from the Funding for Lending scheme has been allocated (a) for lending on mortgages prior to the change in rules for such lending in 2014 and (b) for lending to small and medium-sized enterprises since the change in those rules.

Harriett Baldwin

UK banks and building societies that participate in in the Funding for Lending Scheme (FLS) are able to borrow funding from the Bank of England, with the amount they are able to borrow (their ‘borrowing allowance’) linked to their net lending performance. FLS usage and lending data is published on the Bank of England website at the following link: http://www.bankofengland.co.uk/markets/Pages/FLS/extensiondata.aspx