Coronavirus loan schemes and the Future Fund extended to 30 November 2020

The Chancellor of the Exchequer yesterday extended the government’s three Coronavirus business interruption loan schemes - the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back Loan Scheme (BBLS) - and the Future Fund. The extension aligns all the end dates of the schemes to 30 November.

As the schemes were announced at different times, they previously had different closing dates, with each scheme originally open for applications for a period of six months until 30 September (CBILS and Future Fund), 20 October (CLBILS), and 4 November (Bounce Back Loan Scheme).

The Coronavirus Business Interruption Loan Schemes and Future Fund are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.

https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/