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19 May 2020updated 06 Oct 2020 9:45am

Treasury increases coronavirus lending for big businesses

By Samuel Horti

The Treasury has raised the borrowing cap for large businesses under its partially guaranteed coronavirus loan scheme from £50m to £200m.

The expanded loans through the Coronavirus Large Business Interruption Loan Scheme (CLBILS), of which the government guarantees 80 per cent, will be made available next week. 

“We’re determined to support businesses of all sizes throughout this crisis and our loans and guarantees have already provided over £32bn to thousands of firms,” said John Glen, the economic secretary to the Treasury.

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