Lending to small businesses by banks in Britain taking part in the Bank of England’s Funding for Lending Scheme fell at a slower pace in the third quarter of 2014 than earlier in the year, the BoE said yesterday.

Small business lending by lenders taking part in the FLS – which is designed to boost credit to businesses – dropped £128 million in the three months to September, a smaller fall than earlier in the year and for much of 2013.

Total lending, which included credit to large firms and some other lending, sank by £2.43 billion.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.