Funding for Lending: Opportunities for Businesses
Formally launched on 1 August 2012 the Bank of England’s Funding for Lending Scheme is designed to boost their lending by reducing bank funding costs. This allows banks to reduce the price of new loans and increase their net lending.
We would encourage businesses seeking finance to approach banks to discuss the most appropriate option.
The banks listed below are participating in the Funding for Lending Scheme and offer a range of services and products tailored to businesses. Offerings will vary by bank with some offering cash-back on new loan facilities and others offering discounted interest rates or loan finance with no arrangement fee.
Click here to access the links that will direct you to the business page for participating lenders.