Business Recovery Loan Scheme Extended – 16/11/2021

Accounts Navigator

The Business Recovery Loan Scheme has been extended until 30 June 2022.

It was announced in the Autumn Budget that the Recovery Loan Scheme – originally expected to close on 31 December 2021 – would be extended until Thursday 30 June 2022. The scheme allows businesses to apply for a loan of between £25,000 and £10million.

The loans are 80% backed by the government.

To be eligible, your business must be trading in the UK and you need to show that your business:

  • Would be viable if not for the pandemic
  • Has been adversely impacted by the pandemic
  • Is not in collective insolvency proceedings

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