Coronavirus Large Business Interruption Loan Scheme: Difference between revisions

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To be eligible, a business must:
To be eligible, a business had to:


#Be UK-based in its business activity.
#Be UK-based in its business activity.
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::(a) would consider viable, were it not for the COVID-19 pandemic; and
::(a) would consider viable, were it not for the COVID-19 pandemic; and


::(b) believes will enable the borrower to trade out of any short-term to medium-term difficulty.
::(b) believed will enable the borrower to trade out of any short-term to medium-term difficulty.




For new borrowings from April 2021 onward, CLBILS is superseded by the Recovery Loan Scheme (RLS).
For new borrowings from April 2021 onward, CLBILS was superseded by the Recovery Loan Scheme (RLS).




Latest revision as of 21:24, 30 December 2022

COVID-19 - business continuity - UK.

(CLBILS).

The CLBILS was designed to provide UK government guarantees of 80% to enable banks to make loans of up to £200m, offered to medium and large sized firms with a turnover of over £45m per annum that were impacted by COVID-19 and were unable to secure regular commercial financing.


To be eligible, a business had to:

  1. Be UK-based in its business activity.
  2. Have an annual turnover over £45 million.
  3. Be unable to secure regular commercial financing.
  4. Have a borrowing proposal which the lender:
(a) would consider viable, were it not for the COVID-19 pandemic; and
(b) believed will enable the borrower to trade out of any short-term to medium-term difficulty.


For new borrowings from April 2021 onward, CLBILS was superseded by the Recovery Loan Scheme (RLS).


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

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