We are supporting our business customers in a number of ways. To begin with, please get in touch with your Relationship Manager. Or, you can call our specialist business team on 0345 08 08 508 between 8am and 6.30pm, Monday to Friday.
A debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021 and has been extended until 30 June 2022. The scheme aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports lending of up to £2m, starting at £1,000 for Invoice and Asset Finance and £25,001 for term loans and overdrafts. Further information on the scheme can be found on the British Business Bank website.
Please note that we are no longer taking new applications for the Recovery Loan Scheme.
Other means of support for SMEs at this difficult time include a specific helpline set up by HMRC, details of which and other help available from this source, can be found via the link below. We strongly recommend you look at these websites as an early step.
Similarly, the British Business Bank and the UK Government continue to develop wider financial means of support for SMEs in difficulty, and these can be found via this link:
Naturally, we also encourage you to get in touch with your relationship manager.
We suggest that you follow the UK Government’s advice around social distancing, so it’s probably better to call your Local Director, rather than meet face to face.
Our focus is on supporting our existing customers, so if any of your employees need support they should check through our FAQs for ways we can help.