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Lending boost for small business

A scheme to lend billions of pounds to businesses is expected to be extended today to help inject money - and confidence - into the British economy.

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Small businesses set to benefit from multi-billion plan

A scheme to lend billions of pounds to businesses is expected to be extended today to help inject money - and confidence - into the British economy.

The Bank of England is due to make an announcement this morning Credit: Press Association

The £80 billion Funding for Lending Scheme was launched last Summer to offer banks funding at low interest rates on condition it is passed on to businesses. Today the Treasury and Bank of England will announce more support for a key part of the economy - small businesses.

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