The British Business Bank is launching a financial support package for medium-sized and large companies, from Monday, April 20.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will provide financial support to mid-sized and larger businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
The scheme is part of a wider package of government support for UK businesses and employees.
Specifically, it facilitates access to finance for businesses with a turnover above £45m, the upper limit for the existing smaller-business focused Coronavirus Business Interruption Loan Scheme (CBILS).
CLBILS will be available through a range of British Business Bank-accredited lenders and partners.
Read more at: The Business Desk