The loans are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.
The schemes listed below have been extended to 31 January 2021:
- the Coronavirus Business Interruption Loan Scheme (CBILS)
- the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
- the Bounce Back Loan Scheme (BBLS) – and the Future Fund
Eligible businesses will be able to ‘top up’ existing Bounce Back Loans should they need additional finance, please visit the British Business Bank website for further information.
Further information on the changes to the four schemes will be available on the British Business Bank website in due course.