1. Home
  2. Coronavirus Support Hub
  3. Coronavirus Large Business Interruption Scheme

Coronavirus Large Business Interruption Scheme

Please note: The Government has recently extended the scheme and it is open for new applications until the 31 January 2021. 

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides a government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m. Facilities backed by a guarantee under CLBILS will be offered at commercial rates of interest.

 

How do I access it? 

The scheme is being made available through a series of accredited lenders, listed on the British Business Bank website, and firms are asked to apply through their lender’s website in the first instance. 

 

Am I eligible?

You are eligible for the scheme if your business:

- is based in the UK and has an annual turnover of over £45 million

- has not received support under the Bank of England’s Covid-19 Corporate Financing Facility (CCFF) 

- meets the eligibility requirements

 

To find out more about this scheme click here