£38 billion provided to 910,000 businesses through Covid-19 scheme

Industry News | 16/06/20

Figures published by HM Treasury reveal that lenders have provided £38.2 billion through the three major government-backed lending programmes. £3.3 billion has been approved to 83,000 businesses in the past week, with more applications expected to be approved in the coming days as the industry continues to help the UK get through these tough times. These figures come as recent research for UK Finance by BVA BDRC revealed that almost 90 per cent of firms have had their applications for a Bounce Bank Loan (BBL) or Coronavirus Business Interruption Loan (CBILS) facility approved where a final decision has been made.

Source: UK Finance