Government Backed Finance Support

Large Businesses


Coronavirus Business Interruption Loan Scheme (CLBILS)

The COVID-19 Large Business Interruption Loan Scheme (CLBILS) potentially allows businesses with an annual turnover of more than £45 million the access to financial support of up to £200 million. CLBILS is open until 31 March 2021.


Small & Medium Businesses (SMEs)


Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme (CBILS) potentially allows businesses with an annual turnover of no more than £45 million access to borrow up to £5 million interest-free for 12 months under a British Business Bank scheme where the Government provides the lender with a guarantee for 80 percent of each loan and covers the cost of the first 12 months of interest. CBILS is open until 31 March 2021.


Bounce Back Loans (BBL)

Small businesses map apply for loans worth up to 25 percent of turnover, with a maximum payment of £50,000. The Government will provide lenders with a 100 percent guarantee for the loan and pay any fees and interest for the first 12 months. No repayments will be due during the first 12 months. After that the interest rate will be set at 2.5 percent per year. The scheme is open to applications until 31March 2021.


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