• The banking and finance industry has approved £47.9 billion to over 1.1 million businesses so far through government-backed coronavirus lending schemes, HM Treasury statistics reveal today
• The Bounce Back Loan Scheme (BBLS) continues to provide new support to thousands of small and micro businesses every day, with 1.08 million businesses having received a total of £32.8 billion
• Lenders have approved £12.2 billion worth of facilities to 55,700 companies adversely affected by Covid-19 via the Coronavirus Business Interruption Loan Scheme (CBILS)
• The Coronavirus Large Business Interruption Loan Scheme (CBILS) - aimed at larger enterprises - has seen £2.9 billion approved to 428 businesses

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

As the economy begins to re-open, the banking and finance industry stands ready to support businesses through these challenging times.

?Almost £48 billion has been approved to more than 1.1 million businesses through the government-backed lending schemes, helping to improve their cash flow and adapt to the new economic environment.

?This support is just one part of the industry's wider plan to help businesses in the UK, including commercial lending, capital repayment holidays, extended overdrafts and asset-based finance.

?It's 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.

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

Case studies

Coronavirus Business Interruption Loan Scheme (CBILS)

Charles Clinkarrd - Middlesbrough 

Charles Clinkard, a shoe retailer with over 30 stores and concessions across the UK, accessed a loan worth £2 million through the CBIL scheme from Lloyds. The loan, which came with an overdraft increase, will be used to help the Middlesbrough retailer to meet its overheads and to invest in its summer range. 

Polka Dot Travel - North Wales, West Midlands and North West

Travel agents Polka Dot Travel secured a £1.2 million CBILS facility from Barclays which will provide assurance on cash flow requirements through to next Spring and guarantee the ability to continue employing staff and servicing customers.

St Andrews Timber and Building Supplies Group - Edinburgh and Paisley

St Andrews Timber & Building Supplies Group received a substantial CBILS funding package from Royal Bank of Scotland to help support the business during the Covid-19 pandemic. With five sites based in Edinburgh and one in Paisley, the company is one of the largest independent builders? merchants across the central belt, and provides a one-stop-shop offering materials and products to retail and trade customers. The funding has helped the business continue to keep all employees on board for the foreseeable future.

Associated Beauty Therapists - Midlands 

Midlands-based specialist beauty therapist insurer, Associated Beauty Therapists, received a loan from Lloyds worth £120,000. The loan accessed via the CBIL scheme has gone towards paying the wages of staff until the insurer was able to access the furlough scheme. 

ESP Fitness - Loughborough 

ESP Fitness based in Loughborough accessed a 6 figure loan via the CBIL scheme from HSBC to help it adapt to the changing needs of businesses and consumers during the lockdown. The company, which designs and supplies premium sports and fitness training equipment, was able to use the loan to pivot its business to the at-home fitness market which has seen a surge in demand. 

Parlour Farm Kitchens - Cirencester

Family-run bespoke kitchen company, Parlour Farm Kitchens, secured a six figure loan through the CBIL scheme from NatWest to help to safeguard 25 jobs. The Cotswolds-based business used the finance to help sure up its cash flow to allow it to pay suppliers, rent and salaries following three months of no income. 

Cherrytree Bakery - Burnley

Cherrytree Bakery, a luxury sweet treat manufacturer, secured a £250,000 CBILS facility from Barclays to help the owners rebuild the business and cover working capital requirements. 

Huey Group - Pudsey, Yorkshire 

Mobile and at-home food retail manufacturer, Huey Group received a loan worth £45,000 from Lloyds via the CBIL scheme. The Pudsey-based manufacturer, which makes pizza ovens, grills and BBQs, used the loan to pivot from manufacturing mobile food solutions to producing more at-home BBQ grills and pizza ovens to meet demand. 

Bounce Back Loan Scheme (BBLS)

Home Farm Attingham - Atcham

Home Farm Attingham, a family-run dairy farm, received a £50,000 Bounce Back Loan from Barclays to cover expenditure in preparation for winter operations and keep the enterprise running over the lockdown period.