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.