We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Publication date of 2011 Q2 'Project Merlin' lending data
Following a period of discussion between the Government and the major UK banks known as 'Project Merlin', a statement was made by the banks on 9 February 2011.
Published on
26 July 2011
As part of that, the banks stated a capacity and willingness to lend £190 billion of new credit to businesses in 2011, with £76 billion of this lending capacity allocated to small and medium-sized enterprises. If demand exceeds this, the banks committed to lend more.
Press release