A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the COVID-19 pandemic.
The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close, providing support as businesses recover and grow following the disruption of the pandemic and the end of the transition period.
The scheme launches on 6 April 2021 and is open until 31 December 2021, subject to review.
Loans will be available through a network of accredited lenders, whose names will be made public in due course.
For further information visit GOV.UK.
Posted on: Wednesday 24th March 2021