Bournemouth Chamber of Trade & Commerce

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Bournemouth Chamber of Trade and Commerce

BELONG. CONNECT. PROSPER

Recovery Loan Scheme launching soon

The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close, providing support as businesses recover and grow following the disruption of the pandemic and the end of the transition period.

  • The finance can be used for any legitimate business purpose, including growth and investment.
  • The government guarantees 80% of the finance to the lender to ensure they continue to have the confidence to lend to businesses.
  • The scheme launches on 6 April and is open until 31 December.

For more information, click here.