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Covid-19: our response and ways we can support your business

As the situation surrounding Covid-19 is constantly evolving, its effect on businesses is too. Our relationship teams are here to support you, so please do not hesitate to get in touch with your relationship contact for assistance as needed.

Financial support

Financial support is available for clients who have been affected by the ongoing Covid-19 pandemic. You should reach out to your Barclays relationship team in the first instance to discuss how we can support your business.

The first wave of government-backed loan schemes have all closed for new applicants. You can read further information about them all at the below links:

Recovery Loan Scheme

A new debt finance programme, the Recovery Loan Scheme (RLS), was launched on 6 April 2021. The scheme, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports lending from £25,001 up to £10m. Further information can be found on our dedicated Recovery Loan Scheme page.

There are a range of other support measures for UK businesses, and you can find the details of these on the GOV.UK website here^.

International trading

Barclays has introduced a number of measures to support international clients and customers. These include streamlined access to Barclays Trade Loan solution, enabling payments to your supplier base to be tailored to your trade cycle1.

Barclays has also introduced a simplified process for requests to extend existing trade loan facilities2 and enabled bespoke solutions for submission of Trade related documentation, like guarantee applications, to support clients working from home.

Please note that support for UK Exporters and their supply chains can also be accessed through the recently streamlined UK Export Finance solutions, which include working capital and guarantee issuance with up to 80% government support available.

Barclays is working with HM Government, the Department for International Trade and UK Export Finance to bring further help for UK businesses trading overseas.

Our Trade & Working Capital specialists are here to help and to work with you to create the tailored solutions needed by your business. Please click here to email .

1 Subject to application and Credit approval. Security may be required. Terms and conditions apply.
2 Subject to criteria

Fraud

If you have implemented contingent/multiple location working in your organisation, we have created an FAQ which provides guidance on how our digital channels can be accessed.

Fraudsters will be looking for opportunities to exploit any vulnerabilities in your processes while your staff are working remotely. Make sure you and your colleagues stay vigilant, wherever they are working from.

Read more about some of the tactics fraudsters are using on our Covid-19 fraud page.

Barclays resilience

Barclays staff around the world have been working remotely since the start of lockdowns in affected regions. 

We are continuously monitoring the development of Covid-19 and taking appropriate steps to protect our colleagues so that they can continue to serve you, our customers and clients.

Our existing, well-practised resilience strategies are designed to maintain services to customers in spite of disruption and these have been enhanced to meet the challenges of Covid-19.

Barclays will continue to track government advice in the respective countries and regions, and may determine that further steps are appropriate depending on particular circumstances. Accordingly, we may need to limit our services to clients and customers to meet the challenges that arise.

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