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Fund title: Recovery Loan Scheme

Focus of fund/fund aims:

The Recovery Loan Scheme supports access to finance for UK businesses as they grow and recover from the disruption of the COVID-19 pandemic

Application deadline:

31 December 2021

Fund description:

Businesses in the UK can access loans varying in size from £25,000, up to a maximum of £10 million to help them to recover from the disruption caused by the COVID-19 pandemic. Invoice and asset finance is also available from £1,000 to £10m.

The Recovery Loan Scheme is to help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period. The scheme will provide:

  • term loans or overdrafts of between £25,001 and £10 million per business
  • invoice or asset finance of between £1,000 and £10 million per business

You can find a lender accredited to offer Recovery Loans from the list on the British Business Bank website

 

Further information:

https://www.gov.uk/guidance/recovery-loan-scheme