British Business Bank

British Business Bank support schemes deliver over £75bn of loans to UK businesses

British Business Bank has revealed it has supported over 1.6 million UK businesses with loans totalling £75.1bn through its schemes.

This includes 1,531,095 loans through the Bounce Back Loan Scheme (BBLS) worth £46.5bn, 98,344 worth £23.3bn through CBILS and 716 worth £5.3bn through CLBILS.

New figures for the BBLS top-ups reveal 101,666 loans have been approved, valued at £900m.

In addition, figures for the Future Fund show that, to date, there has been £1.2bn worth of convertible loans approved for 1,236 companies since the fund opened for applications on 20th May. 

This sum has been matched by at least the same amount from third-party investors.

CBILS, CLBILS and BBLS all close on 31st March and will be replaced by the new Recovery Loan Scheme, which will open for applications on 6th April.

The Future Fund closed for applications on 31st January 2021.

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