The scheme "will support the flow of credit to where it is needed, complementing the MPC's asset purchase programme in easing monetary policy conditions", he said in a letter to Bank of England governor Sir Mervyn King.
The scheme is aimed at improving traffic flow around the busy Black Bull junction at Lingey Lane.
Its introduction carried a transitional cost for the government, as the flow of contributions to the state-run scheme fell.
Payment processors and ad networkers would also be roped into this enforcement scheme in an attempt to block the flow of funds to sites that supposedly facilitate copyright infringement.
Its best-known customer (and majority-owner) is Tesco, a British supermarket with a Clubcard loyalty-card scheme that generates a mind-numbing flow of data on the purchases of 13m members across 55, 000 product lines.
In the past she's likened it to a "runaway train lugging bags of public money" and "a half-baked scheme balanced precariously on the cross-border flow of students".
But international money may start to flow through the UN's REDD (Reducing Emissions from Deforestation and forest Degradation) scheme.
The Bank of England's Credit Conditions Survey found that the Funding for Lending Scheme, launched at the start of August 2012, was now helping to increase the flow of money to borrowers.
BBC: Mortgage funds to rise significantly, Bank of England says
But many commuters and motorists said they did not really see the point of the scheme and some drivers reckoned the idea of having one route in and out restricts traffic flow and does not allow for accidents or other road closures.
BBC: NEWS | UK | England | Nottinghamshire | Roads scheme means major changes
However, the Bank of England's Credit Conditions Survey, also published earlier in January, found that the Funding for Lending Scheme, launched at the start of August 2012, was now helping to increase the flow of money to borrowers and make mortgages more available.
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