It has been announced that Chancellor Rishi Sunak that ongoing support for UK businesses has now been extended. The Coronavirus Business Interruption Loan Scheme (CBILS) has now been extended to all applicable businesses to the 31st of March 2021.

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This would be the second time the schemes have been extended by the Chancellor. It was initially set to end on September 30th 2020.

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It was reported in the Financial Times that the extension is intended to offer relief to business owners across the UK as the pandemic continues as well as any potential Brexit-related issues.

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“Our package of support for businesses and workers continues to be one of the most generous and effective in the world – helping our economy to recover and protecting livelihoods across the country.

 

“We know the premium businesses place on certainty, so it is right that we enable businesses to plan ahead regardless of the path the virus takes, which is why we’re providing certainty and clarity by extending this support.”

 

Chancellor of the Exchequer Rishi Sunak

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If your business has been impacted by COVID-19, contact us now and take advantage of the best business loan available on the market today.

 

CBILS or Bounce Back Loans do not affect eligibility.

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If you’re already waiting for funding approval you can still apply through Two Finance – Cut through the delays and receive an urgent response from one of the team.

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CALL 0330 133 3713 and talk to one of Two Finance CBILS experts today.