News Article

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

20 April 2020

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