Tue Jun 15 CEST (5 days ago)
In your timezone (EDT): Tue Jun 15 7:30am - Tue Jun 15 8:30am
The Bounce Back Loan Scheme (BBLS) provided financial support to businesses across the UK that: could benefit from £50,000 or less in finance. The BBLS was available through a range of accredited lenders and partners and the scheme was part of a wider package of government support for UK businesses and employees. The BBLS closed to new applications and applications for Top-ups, on 31 March 2021
Since the 31st March, businesses that have taken out a Bounce Back Loan can use “Pay As You Grow” (PAYG) to help manage their cashflow to have a better chance of getting back to growth.
According to UK Finance at the end of March 2021:
• HM Treasury figures show that the UK banking and finance industry has provided more than £75 billion in support to over 1.6 million businesses through government-backed coronavirus lending schemes.
• More than 1.5 million small businesses have accessed the Bounce Back Loan Scheme (BBLS) over the past year. The Coronavirus Business Interruption Loan Scheme (CBILS) has provided £23.3 billion in financial support to more than 98,000 businesses.£5.3 billion in lending has been provided to 716 businesses through the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
• Our esteemed panel will discuss what the future looks like for UK businesses and the knock-on-effects for banks going forward. It will follow on from our previous webcast considering the changes that have taken place between January and now.
Who should attend?
• Members working in UK business banking roles.
• Members now working as advisers and consultants in/to banks and businesses.
• Students studying subjects including commercial lending.
• Anyone in the sector who wants to know more about the the Bounce Back Loan Scheme and how it operated, as well as similar international schemes.
Why should I attend?
To educate yourself on how the BBLS and similar international schemes operated, and looking to the future, what the knock-on-effects to banks and businesses will be..
CEO, Credit Services Association (former Shadow Chancellor)
Managing Director, Commercial Finance, UK Finance
Co-CEO, Judo Bank