Coronavirus Business Interruption Loan Schemes and Future Fund

The Coronavirus Business Interruption Loan Schemes and Future Fund were designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak. All schemes are now closed for new applications.

Bounce Back Loan Scheme (BBLS)

  • For SMEs, micro businesses and other businesses requiring smaller loans
  • Looking for between £2,000 and £50,000
  • Term loan repaid over six years
  • No set-up fees and first 12 months of interest payments covered by government
  • No repayments during the first 12 months
  • Businesses that have taken out a Bounce Back Loan can use Pay As You Grow (PAYG) to help manage their cashflow to have a better chance of getting back to growth
  • The Bounce Back Loan Scheme closed for new applications, including applications for Top-ups on 31 March 2021

Find out more about Bounce Back Loan Scheme

Coronavirus Business Interruption Loan Scheme (CBILS)

  • For smaller businesses with a turnover of less than £45m
  • Looking for up to £5m in finance
  • Business loans, overdrafts, invoice finance & asset finance available
  • First 12 months of interest and lender-levied fees covered
  • More than 90 accredited lenders
  • The Coronavirus Business Interruption Loan Scheme closed for new applications on 31 March 2021

Find out more about Coronavirus Business Interruption Loan Scheme

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

  • For larger businesses with a group turnover of more than £45m
  • Looking for up to £200m in finance
  • Business loans, overdrafts, invoice finance & asset finance available
  • Repayment terms of up to three years
  • Delivered by lenders accredited by the British Business Bank
  • The Coronavirus Large Business Interruption Loan Scheme closed for new applications on 31 March 2021

Find out more about Coronavirus Large Business Interruption Loan Scheme

Future Fund

  • Convertible loans from £250,000
  • From £125,000 to £5m in government support
  • Third-party investors must at least match government support, with no maximum investment limit
  • Companies need to have previously raised £250,000+ in equity investment
  • The Future Fund scheme is now closed to new applicants

Find out more about Future Fund