News

2 November 2020

Coronavirus loan schemes and Future Fund extended to 31 January 2021

The Prime Minister announced this afternoon that the government’s three Coronavirus business interruption loan schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) – and the Future Fund will be extended to 31 January 2021. It was also announced that […]

18 May 2020

Government Future Fund to support innovative UK Companies announces Eligibility Criteria

Open for applications from Wednesday 20 May Scheme operates on a commercial basis to deliver an initial commitment of £250m of new government funding Financing will be unlocked by additional third-party investment on a match funded basis Applications submitted via an online platform based on a set of standard terms and eligibility criteria Monday, 18 […]

2 April 2020

Coronavirus Business Interruption Loan Scheme expanded to benefit more smaller businesses across the UK

Personal guarantees cannot be taken for any facilities below £250k Insufficient security no longer a condition to access the scheme Personal guarantees may be required for facilities above £250k but capped at 20% of the outstanding balance after business asset recoveries Lenders to retrospectively apply changes Launched on 23 March, today the Coronavirus Business Interruption […]