HM Treasury Announces Further Funding Support for Businesses During COVID-19

HM Treasury has announced further funding to support businesses during COVID-19. The actions include extending the Coronavirus Business Interruption Loan Scheme to make all small businesses affected by COVID-19 eligible for funding, as opposed to just those unable to secure regular commercial financing. Lenders will also no longer be permitted to seek personal guarantees for loans under £250,000. The government has also announced the introduction of the new Coronavirus Large Business Interruption Loan Scheme, which will make government-backed loans of up to £25 million available to firms with an annual turnover of between £45 million and £500 million.
 
The funding schemes will not be available to banks, insurers or building societies. Further details of all of the government's funding schemes can be found on the government's website.
 
View the government's announcement on COVID-19 support measures.
 
View the Government's COVID-19 support packages.
 
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