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

Free Local Business Networks Programme (aka Peer to Peer Networks)

Sign up today to take part

Find out more