BBA statement on Funding for Lending Scheme (FLS)
"Banks are committed to providing the UK's businesses and households with the finance they need, and we welcome the Funding for Lending Scheme (FLS) as an additional support.
“The UK’s lending market is very competitive - and with support through schemes like the FLS for even lower cost borrowing, now is a very good time for UK businesses and individuals to speak to a bank about their financing needs. The scheme is open to all banks and building societies and should act as a driver for competition, which should benefit both consumers and businesses.”
Read more here: http://www.hm-treasury.gov.uk/ukecon_fundingforlending_index.htm