Coronavirus loan schemes extended to 31 March 2021

The Chancellor of the Exchequer has today further extended the government’s three Coronavirus business interruption loan schemes. The extension means that the schemes will now have an end date of 31 March 2021, putting further support in place for those who may need it.

More businesses will now be able to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) and Bounce Back Loan Scheme top-ups.

To date, the three schemes have supported a total of over 1.5m facilities to businesses, providing over £68 billion of finance*.

Further information on the three schemes is available on the British Business Bank website.

*figures as at 13 December 2020