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Coronavirus
Large Business Interruption Loan Scheme (CLBILS)

The Treasury has announced changes to the Coronavirus Large Business Interruption Loan Scheme, including that larger businesses will benefit from loans of up to the lower of 25% of turnover, or £200m. The changes are expected to take effect on Tuesday, 26 May 2020. Further details will be available soon.

The government scheme for medium sized to large businesses with an annual Group turnover of more than £45 million

What is CLBILS?

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will support medium sized to large businesses with annual Group turnover of more than £45 million to access loans of:

Up to £25 million for businesses with Group turnover up to £250 million

Up to £50 million for businesses with Group turnover greater than £250 million

We are participating in CLBILS and using the scheme to support our customers with Term Loans, where it is relevant to do so.

A summary of CLBILS and how it works

Are you eligible to apply?

To be eligible for support via CLBILS, your business must:

Be UK-based, with Group turnover of more than £45 million

Have been directly impacted by coronavirus

Have not used the Bank of England’s Covid Corporate Financing Facility (CCFF)

Have been trading successfully before the coronavirus outbreak and be considered viable over the longer-term, notwithstanding any coronavirus impacts over the short-to-medium term

Businesses with a turnover of less than £45 million may be entitled to other government support.

For more information please visit the British Business Bank website.

How to apply for CLBILS

Speak to your Relationship Director.

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If your business turnover is less than £45 million

Businesses with a turnover of less than £45 million, although not eligible for CLBILS, may be eligible for the Coronavirus Business Interruption Loan Scheme (CBILS) support.

Coronavirus guidance and support

We’re here to support your business. See our latest guidance and find out how we might be able to help you.

Coronavirus support

Find out about the other government schemes available to support your business.

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

Full details on CLBILS and the list of participating CLBILS lenders can be found on the British Business Bank website: www.british-business-bank.co.uk.