British Business Bank

British Business Bank reveals first lenders accredited for new RLS




The British Business Bank has accredited its first batch of lenders for the new iteration of the Recovery Loan Scheme (RLS).

The finance providers — Bank of Scotland, Coventry & Warwickshire Reinvestment Trust (CWRT), Lloyds Bank, NatWest and Royal Bank of Scotland – will be able to offer facilities of up to £2m for SME borrowers.

The bank is currently reviewing application from a wide range of firms, and will add new names to the accredited lender listing once they are confirmed as participants in the scheme.


The new RLS scheme, which will run until 30th June 2024, is open to SMEs trading in the UK with a turnover of up to £45m — for most borrowers, there is no requirement to confirm that they have been impacted by Covid-19.

Businesses that took out a CBILS, CLBILS, BBLS or RLS facility before 30th June 2022 are not prevented from accessing the new scheme from August 2022.

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