The Bank welcomes applications for the Funding for Lending Scheme (FLS) from all eligible banks and building societies.
Institutions which are new to the SMF can find further information on the Bank’s facilities in the Red Book. Please see the SMF Applications to Participate for more information on eligibility criteria for the SMF and details on how to apply.
Applying for the Funding for Lending Scheme
To apply for access to the FLS, Institutions which are already DWF participants should email email@example.com. Applicants will be asked to complete the following form.
Authorised Signatory Evidence Form
Once this has been received, a Scheme Letter will be provided to the applicant, which must be signed by an authorised signatory and returned to the Bank. A pro forma Scheme Letter is attached below.
Applying for the extension to the Funding for Lending Scheme
To apply for access to the FLS extension, existing FLS participants should email firstname.lastname@example.org. Applicants will be asked to sign an Extension Letter.
UK branches of banks incorporated overseas will be asked to provide a Legal Capacity Opinion (or Legal Capacity and Country Opinion). Pro forma opinions are attached below.
Pro Forma FLS Legal opinion (capacity issues only)
Pro Forma FLS legal opinion (country and capacity issues)
Where an institution is not the primary entity within the Group, the Bank may require a guarantee and a legal opinion on the guarantor’s legal capacity and the enforceability of the guarantee. A pro-forma guarantee and associated legal opinion are available to download from the SMF Applications to Participate page. If an applicant has already provided such a guarantee to the Bank, a further guarantee may not be required.
A guide to loan collateral pre-positioning is available on request.
Please note that details of participation in the FLS will be published on the Bank’s website, as outlined in the Market Notice.