Coronavirus Support

Figures today, 7th July 2020, from The British Business Bank reveal the extent of the support so far, provided to UK businesses.

Under the Bounce Back Loan scheme (up to £50k) there have been over 1 million facilities approved with £30.93 billion the cumulative value of approved facilities; suggesting an average loan size of just over £30k.

Under the CoronaVirus Business Interruption Loan Scheme (CBILS) 53,546 loan applications have been approved, their cumulative value being £11.49 Billion, indicating an average facility of £214k.

Under the Large Business Interruption Loan Scheme 394 facilities have been approved with a total of £2.58 Billion, an average loan size of just over £6.5m

Spectacular numbers in a bid to help and secure UK businesses.

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