Treasury: We are ramping up incentives for bank lending

The Bank of England has announced plans to expand a lending scheme designed to help businesses and households.

The Funding for Lending Scheme (FLS), due to end in January 2014, will be extended for another year to 2015.

Treasury Minister Greg Clark told BBC Radio 5 Live's Breakfast , "We are ramping up the incentives for the banks to lend to small businesses so that they can get the money they need."

  • UK