Coronavirus loan schemes and the Future Fund extended to 30 November 2020
Press release
The Chancellor of the Exchequer has today extended the government’s three Coronavirus business interruption loan schemes and the Future Fund. The extension aligns all the end dates of the schemes to 30 November, ensuring that there is further support in place for those who may need it.
More businesses will now be able to benefit from 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.
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 – 30 September (CBILS and Future Fund), 20 October (CLBILS), and 4 November (Bounce Back Loan Scheme).
Further information on the four schemes is available on the British Business Bank website. Information for investors, companies and solicitors regarding the closure of the Future Fund will be published on the British Business Bank website and the Future Fund portal.
Latest news
-
Read more about NPIF II serves up first deal in Cheshire with fast-growing racket sport group – The Padel Club Press release
15 August 2024 -
Read more about Midlands Engine Investment Fund II commits £1 million in small business loans to West Midlands businesses Press release
14 August 2024 -
Read more about British Business Bank commits record £2.3bn in smaller business finance to the market in 2023/24, but reports unrealised loss due to short-term fall in valuations 08 August 2024