•   CA3 8XP - 54.897580, -2.934992
  •   +44 1228 817171
  •   [email protected]
   Search
   
Login
Skip to main content | Accessibility |
Carlisle Business
  • CB Home
  • Business Support
    • -Space in Carlisle
    • -Carlisle Enterprise Centre
    • -Our Business Support
    • -Partner Support
    • -Finance
    • -Procurement
    • -Property Search
  • Why Carlisle
    • -Industrial Estates
    • -Market Hall
    • -Living in Carlisle
    • -Area Statistics
    • -Transport Links
    • -Communication
    • -Business Sectors
      • --Transport and Logistics
      • --Manufacturing
      • --Retail
      • --Public Sector
      • --Food and Drink
      • --Digital
  • News and Events
Keep track of events and the latest news in Carlisle Business
| Language and Accessibility

Return to Projects List

03 April 2020
/ Categories: News

COVID-19: Strengthened support for business

CBILS / CLBILS

The Government has taken further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.


Extended Coronavirus Business Interruption Loan Scheme (CBILS) 
The Government has extended the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time. 

The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. The government will continue to cover the first twelve months of interest and fees.

Please find further details here: https://bit.ly/UpdatedCBILS


New Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The new CLBILS will ensure that more firms are able to benefit from government-backed support during this difficult time. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. 


Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month.

Please find initial details here: https://bit.ly/NewCLBIL

Previous Article UPDATE: Covid-19
Next Article Business Support Update
Print
3382 Rate this article:
3.0
Please login or register to post comments.

Theme picker

Search
«May 2025»
MonTueWedThuFriSatSun
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678

Archive

  • 2021, January (1)
  • 2020, April (2)
  • 2020, March (2)
  • 2020, February (2)
  • 2019, December (1)
  • 2019, November (1)
  • 2019, October (2)
  • 2019, September (1)
  • 2019, August (2)
  • 2019, March (1)
  • 2019, January (1)
  • 2018, November (1)
  • 2018, October (1)
  • 2018, May (1)
  • 2018, February (1)
  • 2018, January (5)
  • 2017, October (5)
  • 2017, September (1)
  • 2017, August (2)
  • 2017, April (2)
  • 2017, February (3)
  • 2017, January (6)
  • 2016, December (2)
  • 2016, November (2)
  • 2016, October (2)
  • 2016, September (2)
  • 2016, August (2)
  • 2016, July (1)
  • 2015, November (2)

Categories

  • News (49)
  • Events (18)
Carlisle City Council : Terms Of Use : Privacy Statement

Business Sectors

  • Transport and Logistics
  • Manufacturing
  • Retail
  • Public Sector
  • Food and Drink
  • Digital

Business Support

  • Space in Carlisle
  • Carlisle Enterprise Centre
  • Our Business Support
  • Partner Support
  • Finance
  • Procurement
  • Property Search

Why Carlisle

  • Industrial Estates
  • Market Hall
  • Living in Carlisle
  • Area Statistics
  • Transport Links
  • Communication
  • Business Sectors
    • Transport and Logistics
    • Manufacturing
    • Retail
    • Public Sector
    • Food and Drink
    • Digital
Carlisle City Council : Terms Of Use : Privacy Statement