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    Coronavirus Loan Schemes and Future Fund Extended

    Yesterday (24 September) the Chancellor of the Exchequer announced extensions to the government’s current three Coronavirus business interruption loan schemes.

    The following schemes have been aligned and now all share an end date of 30 November:

    Coronavirus Business Interruption Loan Scheme (CBILS)

    Coronavirus Large Business Interruption Loan Scheme (CLBILS)

    Bounce Back Loan Scheme (BBLS)

    Future Fund

    As each scheme has been announced separately, they previously had different closing dates. Originally, they were all due to run for a period of six months at which time applications could be submitted.

    The schemes were originally planned to end on the following dates:

    30 September – CBILS and Future Fund

    20 October – CLBILS

    4 November – Bounce Back Loan Scheme

    We will be sharing further information from the Chancellor’s statement when we have all the details. For information on the Job Support Scheme, read our recent feature outlining the key points from the Chancellor’s statement.

    You may find the following links useful from the British Business Bank:

    The loan schemes and Future Fund on the British Business Bank website

    The British Business Bank Press Notice

    We are always available to answer your questions. If you’d like to speak to one of our expert team about any of the above schemes just get in touch by phone or email!

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