A Backbench Business debate, sponsored by Owen Thompson MP and Liz Saville Roberts MP, on the Coronavirus Business Interruption Loans Scheme has been scheduled for Thursday 5 November 2020.

The Coronavirus Business Interruption Loan Scheme (CBILS) was launched on 23 March 2020 and is overseen by the British Business Bank. It offers loans of up to £5 million for businesses with a turnover under £45 million. The loans are 80% backed by the Government. CBILS will remain open for applications until 31 January 2021. The scheme has been complemented by the Bounce Back Loans Scheme (BBLS) for smaller loans and the Coronavirus Larger Business Interruptions Loan Scheme (CLBILS).

Further information

1)House of Commons Library Papers [see also Covid-19 Library Hub]

Coronavirus: business loans schemes, 3 November 2020

Coronavirus business support schemes: statistics, 27 October 2020

– the excel file attached to this briefing includes details of the loans by parliamentary constituency

Coronavirus:support for businesses , 5 October 2020

Coronavirus: Support for workers during local lockdowns, 15 October 2020

2) Select committees

Treasury Committee: Economic impact of coronavirus

2)Government websites

UK                       National restrictions: financial support for jobs and businesses

Northern Ireland   Coronavirus updates: Support for your business

Scotland               Coronavirus advice for businesses in Scotland

Wales                   Covid-19 support or business, Business Wales

3)International information

EU countries   European Parliamentary Research Service – Coronavirus (COVID-19)resources 

                    – Loan guarantees and other national credit-support programmes in the wake of COVID-19

                       [Bruegel dataset, 26 October 2020]

IMF                Policy responses to Covid-19 [country tracker]

OECD             Tackling Coronavirus: key policy responses from the OECD 

USA               Larger Businesses and Covid-19: Financial Relief and Assistance Resources, CRS,29 October 2020 

                     Small Businesses and Covid-19:Financial Relief and Assistance Resources, CRS,5 October 2020

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