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The CBI responded to the Bank of England’s latest Trends in Lending report as it launched a new report with recommendations on how to get growth finance going.

Read the CBI's Financing for Growth report >>

John Cridland, CBI Director-General, said:

“With lending levels falling and prices rising, we need immediate action to boost lending in the economy to help growth.

“The Government has this week announced good initiatives to boost exports, and the Funding for Lending scheme should help lower costs, but action on liquidity buffers would have most impact now.

“The Treasury and Bank of England have signalled a willingness to relax liquidity rules, but the FSA needs to drive forward with these changes immediately so that banks can release funding into the economy.”

A copy of the CBI's new report Financing for growth: refocused finance for a rebalanced economy is linked below.

The CBI's Financing for Growth: Refocused Finance for a Rebalanced Economy report sets out measures to support lending in the economy in the context of the ‘new normal’ for financing - structural changes in banking driven by capital and liquidity reforms changing the financing outlook for business.

Notes to Editors:

The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.

Download "Financing for Growth report" (2,108kb)