• HM Treasury figures released today reveal that just under 1.2 million businesses in the UK have been supported by finance from lenders through government-backed coronavirus lending schemes.
• On the three-month anniversary of the Bounce Back Loan Scheme (BBLS), the figures reveal that over 1.13 million small and micro businesses have now been backed by the UK's banking and finance industry through the scheme.
• During this period, lenders have approved an average of 87,000 new Bounce Back Loans per week.
• The Coronavirus Business Interruption Loan Scheme (CBILS) has now supported 58,600 businesses with over £13 billion worth of finance and facilities.
• Lenders have also backed 480 larger businesses through the Coronavirus Large Business Interruption Scheme (CLBILS), as they look to secure their long-term future beyond the pandemic.

Responding to the latest HM Treasury figures on Covid-19 support for businesses, Managing Director of Commercial Finance at UK Finance, Stephen Pegge, said:

The banking and finance industry remains committed to supporting the nation's businesses through the challenges they are facing from the coronavirus crisis.

?Over the past three months, 26 lenders have thrown their support behind the Bounce Back Loan Scheme by lending to over 1.13 million small and micro enterprises, highlighting the importance of the scheme to the small business community in these challenging times.

?Bounce Back Loans are just one aspect of the sector's support package for the UK economy, alongside other measures including capital repayment holidays, extended overdrafts and invoice finance facilities. This support is designed to ensure businesses are able to navigate the coming months, but diverse sources of finance will be needed to help them prosper in the future.

?It remains important to remember that any lending provided under government-backed schemes is a debt not a grant, and so firms should carefully consider their ability to repay before applying.

Case studies

Please find a selection of case studies below which are available for interview. For further information, please contact the UK Finance press office on 020 7416 6750 or email press@ukfinance.org.uk

Coronavirus Business Interruption Loan Scheme (CBILS)

Powerstar - Sheffield and Bromsgrove

Powerstar, a leading UK manufacturer of smart energy technologies, secured a CBILS financing package from HSBC UK to support its business operations through the pandemic. The scheme enabled the team to fulfil orders from customers in the UK, as well as export their products to Australia, Europe and the US.

Brookes Jordan - Midlands

Brookes Jordan is Europe's largest producer of football scarves. Using CBILS funding from Lloyds Bank, the business was able to secure jobs during the lockdown period.

Undiscovered Destinations - Tynemouth

The award-winning adventure travel company secured CBILS financing from Barclays, enabling the business to keep some staff working to support customers with their travel arrangements - both cancellations and new bookings. The business has been able to process outstanding refunds to retain the goodwill of clients, making it more likely that they will book again.

Boulders - Cardiff

A £238,500 CBILS funding package from NatWest has enabled indoor climbing company Boulder to safeguard the future of its Cardiff business, as well as open its second specialist bouldering site in Cheltenham.

Sanjay Foods - Leicester

Sanjay Foods, a Leicester-based catering and event management company, was supported by a CBILS loan from Barclays that provided it with a financial cushion to survive the pandemic. The funding has supported the business with fixed costs and salaries.

Ideal Vending and Coffee Services - Fife

Ideal Vending and Coffee Services secured a £55,000 CBILS funding package from NatWest to safeguard the future of the business. Specialising in the supply of vending solutions, the family-run company employs 16 members of staff and is confident that the funding will allow it to retain its workforce.

Bounce Back Loan Scheme (BBLS)

Matrix Superbowl - Skipton

A £50,000 Bounce Back Loan from Lloyds Bank allowed Matrix Superbowl, a local leisure venue offering bowling, snooker and a children's soft-play area, to secure its working capital requirements and helped put in place safety measures that have since allowed it to re-open.

Room97 Creative Hairdressing - Wakefield

Using BBLS funds from Barclays, Room97 was able to launch an online store to allow it to conduct digital consultations and sell premium hair products to a loyal customer base. The business, which has three salons and employs 35 people locally, received orders from all over the UK.

Other Lending

ITS Products - Oxfordshire

ITS Products, a designer and manufacturer of advanced surveillance systems, received a £15,000 loan from HSBC UK. This helped the company to ramp production of a product that is used by the NHS to monitor a patient's breathing and heart in order to minimise staff exposure to the virus.

Brixham Holiday Park - South Devon

Financing from Lloyds Bank allowed Brixham Holiday Park to maintain its cash flow requirements whilst it was unable to operate due to the pandemic.