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Responding to the Chancellor's announcement of further details of the Coronavirus Large Business Interruption Loan Scheme, Stephen Jones, Chief Executive of UK Finance said:
Banks and finance providers are committed to helping British businesses through these difficult times. With over £1.1 billion already lent to small and medium-sized firms through the CBIL scheme the launch of the new scheme for larger businesses will help to expand this support during these challenging economic conditions. ?Frontline staff across the industry are working tirelessly to deliver money to viable businesses as quickly as possible and providers will be working throughout the weekend to get this scheme up and running for Monday.
Banks and finance providers are committed to helping British businesses through these difficult times. With over £1.1 billion already lent to small and medium-sized firms through the CBIL scheme the launch of the new scheme for larger businesses will help to expand this support during these challenging economic conditions.
?Frontline staff across the industry are working tirelessly to deliver money to viable businesses as quickly as possible and providers will be working throughout the weekend to get this scheme up and running for Monday.
<p>For more information please call the UK Finance press office on 020 7416 6750 or email <a href="mailto:press@ukfinance.org.uk">press@ukfinance.org.uk</a></p> <ol><li>UK Finance is the collective voice for the banking and finance industry. Representing more than 250 firms across the industry, we act to enhance competitiveness, support customers and facilitate innovation.</li> <li>The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS). More information on CBILS is available here: <a href="https://www.ukfinance.org.uk/coronavirus-business-interruption-loan-sch…. ">https://www.ukfinance.org.uk/coronavirus-business-interruption-loan-sch…; </ol>
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