IRRV Alert - week ending 22nd May 2020
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COVID-19: Larger businesses to benefit from loans of up to £200 million (19 May 2020)
COVID-19: Larger businesses to benefit from loans of up to £200 million
19 May 2020
Businesses will be able to benefit from larger loans under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
The maximum loan size available under the scheme will be increased from £50 million to £200 million to help ensure those large firms which do not qualify for the Bank of England’s Covid Corporate Financing Facility (CCFF) have enough finance to meet cashflow needs during the outbreak.
The expanded loans, which have been introduced following discussions with lenders and business groups, will be available from 26 May 2020.
For further information please visit the GOV.UK website.