
Covid-19 Hub
Discover the latest information related to Covid-19 (coronavirus), including CBIL details, from Barclays Corporate Banking.
Recovery Loan Scheme
A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The new 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. Read more about the Recovery Loan Scheme.
Solutions for your business
CLBILS was a facility offered in conjunction with the UK Government (specifically the Secretary of State for Business, Energy and Industrial Strategy). A government guarantee was issued in favour of the lender, which allowed us to consider lending to viable businesses who have been affected by the Coronavirus outbreak.
This scheme was designed to support UK based medium-sized and larger businesses, or UK subsidiaries of overseas businesses, with a turnover of over £45 million, with a viable business proposition who are struggling with the challenges of the Covid-19 outbreak.
How the coronavirus scheme supports your business
Important information
Notes
1 The following were not eligible under CLBILS: credit institutions (falling within the remit of the Bank Recovery and Resolution Directive), building societies, insurers and reinsurers (insurance brokers, however, are eligible), public-sector bodies, further-education establishments, if they are grant-funded, state-funded primary and secondary schools.
Read related insights
Discover the latest information related to Covid-19 (coronavirus), including CBIL details, from Barclays Corporate Banking.
The Barclays Corporate Coronavirus Business Interruption Loan Scheme has now closed for new applications.
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To discuss your business requirements and how Barclays can support you, contact us today. Alternatively, please speak to your Relationship Director for more details.