Over 1.4 million businesses supported through Covid-19 lending schemes

More than 1.4 million loans have supported businesses and protected jobs across all sectors, including property.

Government figures show that the retail and construction sectors have benefitted the most, demonstrating how government support is helping those impacted hardest by the pandemic.

Support has been spread across the country, with regions receiving loans proportionately to the amount of businesses located there. These loans are in addition to furlough, the self-employment income support scheme and business grants, as part of the government’s £280bn support package to protect jobs during the pandemic.

The Chancellor Rishi Sunak commented: “Throughout this crisis, we have provided more than £280bn of support to protect jobs and livelihoods up and down the country.

“We are committed to continuing to ensure jobs are protected and opportunity is created.”

Kwasi Kwarteng

The £280bn invested by the government to protect millions of jobs includes the £4.6bn the chancellor announced last week in one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the spring.

Business secretary Kwasi Kwarteng said: “These figures show very clearly that we have delivered on the solemn promise we made to support businesses across every part of the UK.

“While there are still tough times ahead, we will continue to offer all the support we can to protect jobs and keep businesses afloat so we can look to not only restart our economy, but build back better from the pandemic.”

CBILS

Region Value of loan offered (£) Number of loans offered
East Midlands 1,297,778,540 5,273
East of England 1,766,950,464 7,460
London 3,847,934,021 12,495
North East 493,314,081 1,994
North West 1,959,152,472 7,563
Northern Ireland 496,806,683 1,501
Scotland 982,517,603 4,144
South East 2,824,103,231 11,260
South West 1,534,026,632 6,416
Wales 503,355,434 2,228
West Midlands 1,486,023,928 6,077
Yorkshire and The Humber 1,260,361,190 5,415
Unspecified 67,328,939 190

Bounce Back Loans

Region Value of Loans Offered (£) Number of Loans Offered
East Midlands 2,684,725,529 91,348
East of England 4,192,234,249 137,741
London 9,946,815,769 295,692
North East 1,249,741,795 44,858
North West 4,512,329,695 152,188
Northern Ireland 1,172,538,374 38,181
Scotland 2,496,404,756 86,062
South East 6,018,627,864 199,574
South West 3,275,798,746 116,063
Wales 1,524,813,850 55,094
West Midlands 3,520,737,158 114,715
Yorkshire and The Humber 2,986,264,487 101,197
Unspecified 62,547,705 2,017
Sprift 3 end of article
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One Comment

  1. Bless You

    Great. Now we just have the small problem of paying them back over the next 5 years…

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