Lending to small businesses by banks in Britain taking part in the Bank of England’s Funding for Lending Scheme fell at a slower pace in the third quarter of 2014 than earlier in the year, the BoE said yesterday.
Small business lending by lenders taking part in the FLS – which is designed to boost credit to businesses – dropped £128 million in the three months to September, a smaller fall than earlier in the year and for much of 2013.
Total lending, which included credit to large firms and some other lending, sank by £2.43 billion.