Community Development Finance Institutions

(asked on 5th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to allow community development finance institutions to access funding from the Bank of England.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 10th November 2020

The Bank of England provides funding to a range of financial institutions through the Sterling Monetary Framework (SMF) to support its monetary policy and financial stability objectives.

Access to the SMF and its lending facilities is a matter for the Bank of England, which publishes clear eligibility criteria on its website. A broad range of counterparties have access to SMF lending facilities which provide funding against eligible collateral across various maturities.

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