CBILS, CLBILS and BBLS closes on 31 March, Recovery Loan Scheme opens

Applications for CBILS, CLBILS and BBLS loans end on 31 March 2021 and are being replaced by the new Recovery Loan Scheme, which will run until 31 December 2021, to ensure that businesses can access Government-backed finance during the reopening of the economy.

With the end of the old loan schemes the Government has announced that a total almost £180 billion in loans has been issued since March 2020.