Chancellor expands loan scheme for large businesses
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Loan Scheme
17
Apr

Chancellor expands loan scheme for large businesses

The Coronavirus Large Business Interruption Loan Scheme has been expanded to cover all viable firms. All firms with a turnover of more than £45 million will now be able to apply for up to £25 million of finance, and up to £50 million for firms with a turnover of more than £250 million.

The scheme, which will launch on Monday, will be available through a series of accredited lenders, which will be listed on the British Business Bank website.  

This complements existing support including the Covid Corporate Financing Facility and the Coronavirus Business Interruption Loan Scheme for small and medium sized businesses.