Coronavirus - support for businesses and employers
Coronavirus Large Business Interruption Loan Scheme
The scheme will provide a government guarantee of 80% to to all viable large businesses with an annual turnover of more than £45m.
Up to £25m is available to firms with a turnover of more than £45m and up to £50m is available for firms with a turnover of more than £250m. This includes businesses with a turnover of more than £500m, which were previously ineligible.
The scheme supports a wide range of businesses to access finance products including short term loans, overdrafts, invoice finance and assets finances. Facilities backed by a guarantee under CLBILS will be offered at commercial rates of interest.