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Written question asked by Philip Boswell (Scottish National Party) on Thursday, 10 December 2015, in the House of Commons. It was due for an answer on Monday, 14 December 2015. It was answered by Harriett Baldwin (Conservative) on Thursday, 17 December 2015 on behalf of the Treasury.


Small Businesses: Loans

Question

To ask Mr Chancellor of the Exchequer, what statistical information his Department holds on small- and medium-sized enterprises which have defaulted on a loan received through the Funding for Lending Scheme.

Answer

The Bank of England does not lend directly to small and medium sized enterprises as part of the Funding for Lending Scheme (FLS). Under the FLS, the Bank of England provides funding to UK banks and building societies participating in the scheme. The amount of funding participant banks and building societies are eligible to borrow from the Bank of England is determined by their net lending to certain sectors of the economy.


Secondary information

Type
Written question
Reference
19662
Session
2015-16
Grouped for answer
Yes
Subjects
Banks Loans Statistics Small businesses
Contains statistics
Yes
Link
View this Written question on www.parliament.uk