C-19 Grant funding for business
C-19 Time to pay agreement
C-19 Loan Funding
C-19 VAT Deferred Payments
C-19 Business rates
C-19 Company Directors & Shareholders
C-19 IR35 & Off-payroll working
C-19 Insolvency & Directors
C-19 Self-employment income support scheme (SEISS)
C-19 Landlords & tenants
C-19 Late payment interest rate
C-19 Reduced rate VAT
C-19 Deferring Income Tax payments
C-19 Working from home
C-19 Future Fund loan scheme
C-19 Recovery Loan Scheme
C-19 Job Support Scheme - on hold
C-19 Job Retention Bonus - on hold
C-19 Restart Grant Scheme opened
Employer-provided PPE & testing
C-19 Test & trace/isolation support
COVID-19: Recovery Loan Scheme - Updated: 8 April 2021
Coronavirus: Recovery Loan Scheme
HM Treasury has announced the opening for applications to the Recovery Loan Scheme. This is part of government-guaranteed finance throughout 2021, primarily in response to COVIV-19.
From 6 April 2021 companies can apply for loans to support their businesses. In preparation for non-essential retail and outdoor hospitality reopening next week can access loans. In particular, HM Treasury identified coffee shops, restaurants, hairdressers and gyms.
The terms of the Recovery Loan Scheme are:
The scheme, which was announced at Budget 2021 and runs until 31 December 2021. It will be administered by the British Business Bank, with loans available through a network of accredited commercial lenders with 26 already accredited.
The Recovery Loan Scheme can be used as an additional loan on top of support received from the emergency schemes
Useful guides on this topic
COVID-19: different types of loan funding. All loan funding is repayable.
This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.
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