COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back

07 Oct 2020

The Government’s spending watchdog, the National Audit Office (NAO), has warned that up to 60 per cent of businesses may not pay back the 100 per cent Government-backed Bounce Back Loans Scheme (BBLS) because of fraudulent applications and minimal credit checks.

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Government set to announce extension of Coronavirus Business Interruption Loan Scheme

23 Sep 2020

The Chancellor, Rishi Sunak, is expected to announce the extension of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) until the end of November.

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UK businesses borrow more than £52.6 billion to tackle impact of the pandemic

10 Sep 2020

According to the latest industry research, UK businesses have borrowed more than £52.6 billion in a bid to combat the disruption caused by the Coronavirus pandemic.

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COVID-19 – 1.23 million businesses access Government support schemes

24 Aug 2020

More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury.

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COVID-19: UK businesses owed more than £133 billion since lockdown began

24 Jun 2020

UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown.

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COVID-19: Government’s Bounce Back Loan Scheme distributes £23 billion in finance

17 Jun 2020

The Government’s Bounce Back Loans Scheme has provided more than £23 billion in finance to more than 780,000 businesses, according to the latest research.

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