Recovery Loan Scheme launched to support UK businesses
14 Apr 2021
From 6 April, businesses can access loans varying in size from £25,000, up to a maximum of £10 million. Invoice and asset finance is available from £1,000.
The scheme is designed to ensure businesses continue to benefit from Government-guaranteed finance throughout 2021.
It can be used as an additional loan on top of support received from the emergency schemes – such as the Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme – which closed to new and top-up applications on 31 March 2021.