Covid-19: Government loan schemes open
Government scheme is supporting small and medium sized businesses, while the Bank of England’s scheme is supporting larger firms.
The government has launched the Coronavirus Business Interruption Loan Scheme today (23 March).
The scheme will provide government-backed loans of up to £5m to small and medium sized businesses, while the Bank of England’s Covid Corporate Financing Facility will provide working capital for large firms.
An information campaign has been launched to make businesses aware of the support available, including the creation of a ‘Business Support’ site by the government.
SMEs
More than £330bn of
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