The Bank of England’s expansion of its Funding for Lending Scheme by one year to January 2015 means U.K. investor placed issues will likely continue to see little action, said market analyst.

During the extension period, lenders will be able to borrow £10 under the scheme for every £1 of net lending to SMEs in Q2-Q4 2013, and £5 for every £1 of net SME lending in 2014, according to Standard & Poor’s. Lenders will also be able to access FLS funding against net lending to financial leasing corporations and factoring companies.

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