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Aldermore welcomes Funding for Lending refocus on SMEs

POSTED: 28th November 2013
IN: Newsroom
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Commenting on the news that the Bank of England is refocusing the Funding for Lending Scheme towards supporting SMEs in 2014, Aldermore Bank Deputy CEO Mark Stephens says:

"The Funding for Lending Scheme has been a resounding success, increasing access to financing for homeowners and businesses across the UK. Aldermore has been a keen participant in the scheme and has seen first-hand the impact it has had on lending to consumers and businesses alike.

"As a bank with a particular focus on SMEs, we are delighted that the scheme will be refocusing on business lending in 2014, as many small businesses in particular are still being turned away for finance.

"The refocusing away from mortgage lending is a sign of the recent turnaround in the fortunes of the housing market, and Aldermore will continue to support both aspiring and existing homeowners going forward."

**Ends**


For further information journalists can contact:

Nicola York, Cicero Group, Nicola.york@cicero-group.com
+44 (0) 207 297 5965

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

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