Covid-19 Business Finance Schemes open today
The Coronavirus Business Interruption Loan Scheme (CBILS) will provide government-backed loans of up to £5 million to small and medium businesses.
The Bank of England’s Covid Corporate Financing Facility (CCFF) will provide a quick and cost-effective way to raise working capital for those large firms who need it.
From 23 March businesses will be able to access government support to keep operating in the face of the global economic emergency brought on by coronavirus.
More than £330 billion of loans and guarantees to help firms continue operating will be available for applications from the two schemes launching today.