WebThe Coronavirus Business Interruption Loan Scheme (CBILS) supports loans of up to £5m per small business. According to UKFinance, both schemes have lent £22bn of government-backed loans between them to almost half a million businesses. Over £14bn has been handed out through Bounce Back loans, along with more than £7bn via the … WebFeb 2, 2024 · Launched in May 2024, by mid-December 2024, the BBLS had lent £43.5 billion to about 1.4 million businesses compared to £19 billion under CBILS to just over 83,000 businesses (see Figure B1). The National Audit Office expects up to 60% of businesses to default on BBLS loans. Figure B1. Cost of business relief schemes
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