Skip to main content
HOMEPAGE ADVERTS
HOMEPAGE ADVERTS
News
19 May 20201 minute read

Government increases large business loans

ECAtoday
Government increases large business loans

The Government will extend the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million, from 26 May.

The aim is to help large firms which do not qualify for the Bank of England’s Coronavirus Corporate Financing Facility (CCFF) to meet their cashflow needs during the current emergency situation.

Companies receiving help through CLBILS and the Bank of England’s CCFF will also “be asked to agree to not pay dividends, and to exercise restraint on senior pay”.

HOMEPAGE ADVERTS

Are you up to date with ECAtoday magazine?

ECAtoday is the official magazine of ECA and reaches thousands of people within the electrotechnical and engineering services industry. To receive your print copy of the magazine, click 'Subscribe to Print' and provide a suitable mailing address.