conister finance & leasing

Manx Financial Group accredited under Recovery Loan Scheme

Manx Financial Group PLC, which includes Conister Bank and Conister Finance & Leasing (CFL), has been accredited by the British Business Bank as a lender under the Recovery Loan Scheme (RLS).

CFL will use its accreditation to continue providing support to SMEs that may require credit as they recover and adapt to a post-pandemic landscape.

This follows its previous accreditation for the CBILS and BBLS schemes, under which it allocated all of its £40m of funding.

Douglas Grant, the group's finance director, commented: “We are delighted to be able to continue backing SMEs via the RLS programme; this will provide the necessary catalyst many sectors require to thrive.

"We are pleased to see the government look beyond the more obviously resilient markets, as this scheme is designed to support those businesses adversely impacted by the pandemic, such as our hospitality and leisure sectors.

"Conister Bank and CFL will continue to do all it can, working alongside the government and traditional lenders, to provide the necessary support."

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