Keep updated with Whyfield news
and the latest industry insights...

  • News

    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!

    Speak to us

Follow & Connect with us...

Lets work together...




Call us on 01872 267 267 or fill in our contact form, to discuss how we can help you.

Almost 1 million late filing penalties were imposed by Companies House in January 2020.

We understand Companies House compliance

Find out more

All workers must be automatically enrolled onto a qualifying pension scheme. Let us take this off your hands.

We take care of Pension Auto–Enrolment

Find out more

Cloud accounting has become a necessity. While it may still seem daunting to some, we are here to enable you and your team in becoming cloud experts.

We offer training

Find out more

From April 2019, Making Tax Digital kicks in. All of our clients are compliant or well on their way to being it.

We're ready for Making Tax Digital

Find out more