Funding for Lending: our knight in shining armour?

摘要

Funding for Lending (FLS) is a government-backed scheme to inject affordable growth capital into SME businesses. Almost 40 of the UK's biggest lenders have signed up to the scheme, which will see banks draw discounted capital from the Bank of England under the proviso the discount is passed on to customers. But will it actually help?rnFLS will act like a shot of adrenaline to SME growth, according to its supporters. Businesses will be inundated with the cheap finance, which will power growth. Advocates point to the billions upon billions being chalked up on the lending books of major banks and building societies which have signed up.