Scottish businesses receive £2.9bn from coronavirus loan schemes

New data published today reveals that Scottish businesses have received more than 79,000 facilities under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). These schemes provide financial support to businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.

Businesses across Scotland have benefited from more than £2.9bn in funding to protect and support jobs across the region.

  • More than 76,000 loans worth more than £2.1bn have been offered under the Bounce Bank Loan Scheme
  • More than 3,300 loans worth over £758m have been offered under the Coronavirus Business Interruption Loan Scheme

More than 79,000 loans have supported businesses across all sectors, protecting jobs, but the retail and construction sectors have benefited the most, demonstrating how this financial support helped those businesses that were impacted hardest by the pandemic, helping to keep people in work.

To find out more:

  • Read the British Business Bank news story
  • Download a constituency-level breakdown of lending under CBILS and BBLS