What is the Funding for Lending Scheme?

The "funding for lending schemes" is an initiative between the Bank of England and The Treasury designed to encourage the stimulation of the economy.

In essence, the Bank of England is letting commercial banks borrow funds from it cheaply so it can pass this on in the form of cheaper loans to firms

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I have to place on record that working with you guys is far more pro-active that the main banks - I'm finding them slower than ever in their response time and internal procedures, you are very refreshing, keep up the good work.

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