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East Midlands Chamber News

Bank lending to business continues to fall

UK bank lending has continued to fall, despite government attempts to reverse the trend through its Funding for Lending Scheme (FLS), the BBC has reported.

Bank of England data showed that net lending fell £300m in the first quarter of 2013.

Lending to individuals was up, but loans to businesses were down.

The figures are an improvement on the last three months of 2012, when bank lending fell by £2.4bn.