Lending to UK SMEs has dropped for the second consecutive quarter, casting further doubt over the government's Funding for Lending scheme.
New figures published today showed that under the Funding for Lending (FLS) scheme, net lending fell by £435m between April and June. It follows a decline of £719m in the first quarter, and marks further disappointment for the scheme launched in 2012 by the Treasury and the Bank of England. Despite £3.2bn being drawn from…
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