COVID-19 Loan Scheme expanded for large businesses (T/O>£45M) - Wright Vigar
 In Advice, Blog, News

The Government has announced the expansion of the loan scheme for large businesses, so all viable firms are covered. These changes will complement the existing support available such as the Covid Corporate Financing Facility and the Coronavirus Business Interruption Loan Scheme.

The expansion of the scheme means that businesses with a turnover of more than £45m will be able to apply for up to £25m of finance, and business with a turnover of more than £250m will be able to apply for up to £50m.

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