Announcement made a short while ago by BOE and HM Treasury
Says the statement:
The Bank of England and HM Treasury are today announcing a two-year
extension to the Funding for Lending Scheme (FLS). This extension will
provide participants with additional flexibility to draw unused drawing
allowances earned for positive net lending, with funding remaining
available to support further improvements in credit conditions for small
and medium-sized enterprises (SMEs). The extension will also ensure
that the scheme is gradually phased out, with borrowing allowances
reducing over time, thereby minimising risks to the economic recovery
from the withdrawal of funding support.