CLBILS scheme goes live

Please note this article was published on 16th April 2020 and may be out of date. For the latest information about financial support around Coronavirus, please click here

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) was announced by the Chancellor of the Exchequer on Thursday, 16^th April 2020 and is now available through the British Business Bank.

The new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (which is the upper limit for the existing smaller-business focused CBILS).

CLBILS can help provide facilities of up to £25m for businesses with turnover from £45m up to £250m, and facilities of up to £50m for those businesses with a turnover of more than £250m who are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.

The scheme opened with lenders on Monday 20 April 2020.  To find more information and apply, click here.