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.