Coronavirus loan schemes and Future Fund extended to 31 January 2021

The Prime Minister announced on Monday afternoon that the government’s three Coronavirus business interruption loan schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) – and the Future Fund will be extended to 31 January 2021.

It was also announced that eligible businesses will be able to ‘top up’ existing Bounce Back Loans should they need additional finance.

Further information on the changes to the four schemes will be available on the British Business Bank website in due course.