FSB chairman: ‘Funding scheme will kick-start lending to small firms’

Mr Walker said: With four in 10 small businesses being refused credit, the funding for lending scheme we hope will go some way to kick-start lending to small firms that need finance to grow.

It is good news that the funding will be available soon, and that there will be a clear process to monitor the banks and building societies.

It is vital that we have tangible evidence to show that money is being passed on to small firms and not just to shore up the banks.