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3 April 2020

Rishi Sunak extends Coronavirus Business Interruption Loan Scheme to cover larger firms

Introduced by

HM Treasury, Bank of England

Targeted at

Large firms

Timings

Announced on 7 April 2020

Stated aims

To expand support for firms missed out in original measures

Summary

This announcement by Chancellor Rishi Sunak allows firms with a turnover of between £45m and £500m to apply for loans of up to £25m under a Coronavirus Large Business Interruption Loans Scheme (CLBILS). The existing Coronavirus Business Interruption Loans Scheme (for small and medium-sized firms) is also extended.

Source(s)

Gov.uk news story