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Bank of England data shows £2.3bn fall in lending

04th September 2013 -

Despite growth in the amount lent out by banks through the Funding for Lending scheme (FLS), data from the Bank of England has shown a £2.3bn fall in overall lending since last June. Despite repeated claims by small business owners that lending conditions are still too restrictive on small businesses, Jon Pulford, the area director for Lloyds TSB Commercial in Northants, Beds, Bucks and Herts, said Lloyds Banking group “remains the largest lender in the FLS” and that they are winding down lending in non-core sectors to “focus on lending to SMEs and First Time Buyers”.