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Response from the business community Chancellor Rishi Sunak said that the new Coronavirus Recovery Loan Scheme will ensure that businesses continue to have access to the finance they need as we move out of this crisis. To date, the government’s emergency loan schemes have supported more than £75bn of finance for 1.6m British businesses. The latest loan scheme is part of the government’s £350bn support package which has included the furlough scheme and grants and tax deferrals. However, Todd Davison, MD of Purbeck Personal Guarantee Insurance, warns that many SMEs could find themselves excluded from the Recovery Loan Scheme.

United kingdomNorth yorkshireArbuthnot lathamSteve richardsonTodd davisonSimon dolanClydesdale bankOffice for budgeting responsibilityScana financial servicesUlster bankDanske bankOaknorth bankBusiness campaignBritish business bankLloyds bankYorkshire bank