Recovery Loan Scheme (RLS)
The RLS supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.
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An overview of government support available
Government schemes and support for businesses affected by coronavirus
Security may be required. Product fees may apply. Over 18s only. Subject to status and eligibility criteria. Business use only.
Overview of government schemes and support
Loan schemes OpenClose
Bounce Back Loan (BBL)
This scheme is now closed. Lending was available from £2k to £50k over 6 years for businesses impacted by coronavirus.
Bounce Back Loan Top-Up
This scheme is now closed. If you’d borrowed less than 25% of the annual turnover on your BBL application, top-ups were available.
Coronavirus Business Interruption Loan Scheme (CBILS)
This scheme is now closed. Loans of up to £5 million and no interest payments for 12 months were available.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
This scheme is now closed. Loan Terms and Revolving Credit Facilities were available to support businesses with a group turnover of over £45m.
Covid-19 Corporate Financing Facility (CCFF)
This scheme helps large businesses affected by coronavirus through the purchase of their short-term debt.
CCFF information on Bank of England
Grant funds OpenClose
Lockdown grants announced in England
Additional one-off grants will be available in England to support businesses impacted by coronavirus through the latest restrictions. Find out more on Gov.uk.
Strategic Business Framework Fund
Additional one-off grants will be available in Scotland to support businesses impacted by coronavirus through the latest restrictions. Find out more on Gov.scot.
Grants and funds in Wales
Additional support will be available in Wales, if your business is impacted by coronavirus through the latest restrictions. Find out more on Gov.wales.
Self-employment Income Support Scheme (SEISS)
The government has announced an extension to the SEISS grant.
If you're self-employed and have been affected by coronavirus, you may be able to apply for two grants up until the end of May 2021. Check your eligibility and how to claim on the government website.
Tax and rates OpenClose
If you can’t pay your tax bill on time
You may be able to delay some tax payments without paying a penalty, if you're unable to pay on time because you've been affected by coronavirus.
Business rates relief
If your business is in the retail, hospitality or leisure sector, or a nursery, you may be eligible for business rates relief.
Your employees OpenClose
Furloughing staff
The Coronavirus Job Retention Scheme is for staff being furloughed. You can find out more about this scheme, and if you qualify, on the government website.
Statutory Sick Pay (SSP) due to coronavirus
If you're an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees' coronavirus-related Statutory Sick Pay.
Find government support
Find out what financial support schemes you may be eligible for.
Support is available to employers and the self-employed, including sole traders and limited company directors.
Struggling financially?
If your business is facing tough times, our guidance could support you to work through the impact.
BBL, CBILS and CLBILS are managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy.
British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.
Visit british-business-bank.co.uk.