Larger businesses to benefit from loans of up to £200 million

Government extends maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme from £50 million to £200 million.

• loans under the expanded scheme will be made available to large businesses affected by coronavirus from next week
• changes also mean companies receiving help through CLBILS and the Bank of England’s Coronavirus Corporate

Financing Fund will be asked to agree to not pay dividends and to exercise restraint on senior pay.

You can find more information here.

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