Recovery Loan Scheme
Launching on 6th April 2021
The Coronavirus Business Interruption Loan Scheme (CBILS) ended at midnight on the 31st March 2021.
British Business Bank have announced that both CBILS and the Bounce Back Loan schemes with be replaced by the new Recovery Loan Scheme, a government backed loan scheme designed to help and support UK businesses from the ongoing disruption of the COVID 19 pandemic. This scheme will run from 6th April 2021 to 31st December 2021, subject to review. British Business Bank have issued initial guidance, with further details being released shortly.
Further details on the application process and a list of all accredited lenders will be released in due course.