Coronavirus Business Interruption Loan Schemes and Future Fund

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

Select the loan scheme or fund most relevant to your business.

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
The Bounce Back Loan Scheme will be extended until 31 March 2021
Details of Pay As You Grow options to support Bounce Back Loan borrowers to manage their cashflow announced on Saturday 6 February 2021.

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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 will be extended until 31 March 2021

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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 will be extended until 31 March 2021

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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

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