The Business Recovery Loan Scheme (RLS) launched on 6 April 2021 as a replacement of the previous coronavirus loan schemes (BBLS, CBILS and CLBILS). It has been designed to support businesses of all sizes across the UK recover from the financial impact of the Covid-19 pandemic. The government-backed scheme is available via a range of lenders.
How it works:
To be eligible for the scheme, the business must:
Businesses should apply for the scheme directly via their chosen lender. A list of 20+ accredited lenders can be found here.
Applications are due to close on 31 December 2021, subject to review.