This publication provides an update on the performance of the government’s COVID-19 loan guarantee schemes, including: the Coronavirus Business Interruption Loan Scheme (CBILS) the Coronavirus Large Business Interruption Loan Scheme (CLBILS) the Bounce Back Loan Scheme (BBLS) The data is taken from the British Business Bank’s portal as at 31 March 2022.

Due to the extensive economic disruption caused by the COVID-19 pandemic, the United Kingdom's Government created a range of measures to help support businesses survive the loss in revenues and cashflow. To help smaller businesses (SMEs), the Coronavirus Business Interruption Loan Scheme (CBILS) was set up. The scheme operates through the British Business Bank via more than ** accredited lenders including high street banks, challenger banks, asset based lenders and smaller specialist local lenders. These lenders can then provide up to ************ British pounds (GBP) in the form of term loans, overdraft, invoice finance and asset finance.

Between the **** of May, 2020 and the **** of May, 2021, the cumulative number of approved facilities through the Coronavirus Business Interruption Loan Scheme (CBILS) in the United Kingdom (UK) has reached more than ******* at a combined value of approximately 26 billion British pounds.

In response to the extensive economic disruption caused by the COVID-19 pandemic, the United Kingdom's Government created a range of measures to help support businesses survive the loss in revenues and cashflow. To help mid-sized and larger enterprises with a group turnover of more than ** million British pounds, the Coronavirus Large Business Interruption Loan Scheme (CLBILS) was set up.

The scheme operates through the British Business Bank via accredited lenders, which can provide up to *** million British pounds in finance. These lenders can then provide finance in the form of term loans, revolving credit facilities (overdrafts), invoice finance and asset finance. For term loans and revolving credit facilities, finance that could be offered was increased from ** million GBP after an announcement by HM Treasury on the **** of May 2020.

Between the **** of May, 2020 and the **** of May, 2021, the cumulative value of approved facilities through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) in the United Kingdom (UK) had amounted to **** billion British pounds across more than *** approved facilities.

Monthly loan figures (number of items issued) by branch library for April 2008 to present. Additional information An issue is any item issued from the library catalogue Blank means no data available In 2020, all libraries closed from 19 March included due to the coronavirus outbreak. The re-opening of our libraries remained inline with government restrictions from July 2020 and responsive to local need, with many variations during the months of the Covid-19 pandemic. All Newcastle Libraries began to re-open from 12th April 2021.

In response to the extensive economic disruption caused by the COVID-19 pandemic, the United Kingdom's government created a range of measures to help support businesses survive the loss in revenues and cashflow. To help businesses, the Bounce Back Loan Scheme (BBLS) was set up. The scheme, which is a part of a wider package of government support for UK businesses and employees allows lenders to provide a six-year term loan from ************ British pounds up to ** percent of a business' turnover. The maximum loan amount is currently fifty thousand British pounds.

Between ************ and ************, nearly **** million businesses have been approved for finance with the cumulative value of lending through the Bounce Back Loan Scheme (BBLS) amounting to approximately **** billion British pounds.

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United Kingdom Coronavirus Business Interruption Loan Scheme (CBILS): Applications data was reported at 122,885.000 Unit in 16 Aug 2020. This records an increase from the previous number of 121,669.000 Unit for 09 Aug 2020. United Kingdom Coronavirus Business Interruption Loan Scheme (CBILS): Applications data is updated weekly, averaging 104,569.000 Unit from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 122,885.000 Unit in 16 Aug 2020 and a record low of 64,531.000 Unit in 10 May 2020. United Kingdom Coronavirus Business Interruption Loan Scheme (CBILS): Applications data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and also held back on more significant cuts to welfare.

United Kingdom Bounce Back Loan Scheme (BBLS): Applications data was reported at 1,430,017.000 Unit in 16 Aug 2020. This records an increase from the previous number of 1,404,726.000 Unit for 09 Aug 2020. United Kingdom Bounce Back Loan Scheme (BBLS): Applications data is updated weekly, averaging 1,186,006.000 Unit from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 1,430,017.000 Unit in 16 Aug 2020 and a record low of 363,646.000 Unit in 10 May 2020. United Kingdom Bounce Back Loan Scheme (BBLS): Applications data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

United Kingdom CBILS: Approved Facilities data was reported at 60,409.000 Unit in 16 Aug 2020. This records an increase from the previous number of 59,520.000 Unit for 09 Aug 2020. United Kingdom CBILS: Approved Facilities data is updated weekly, averaging 52,275.000 Unit from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 60,409.000 Unit in 16 Aug 2020 and a record low of 35,919.000 Unit in 10 May 2020. United Kingdom CBILS: Approved Facilities data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

United Kingdom BBLS: Approved Facilities data was reported at 1,174,854.000 Unit in 16 Aug 2020. This records an increase from the previous number of 1,157,296.000 Unit for 09 Aug 2020. United Kingdom BBLS: Approved Facilities data is updated weekly, averaging 967,321.000 Unit from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 1,174,854.000 Unit in 16 Aug 2020 and a record low of 268,173.000 Unit in 10 May 2020. United Kingdom BBLS: Approved Facilities data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

United Kingdom CBILS: Approved Facilities: Value data was reported at 13.680 GBP bn in 16 Aug 2020. This records an increase from the previous number of 13.410 GBP bn for 09 Aug 2020. United Kingdom CBILS: Approved Facilities: Value data is updated weekly, averaging 11.070 GBP bn from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 13.680 GBP bn in 16 Aug 2020 and a record low of 6.090 GBP bn in 10 May 2020. United Kingdom CBILS: Approved Facilities: Value data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

United Kingdom CBILS: Large Businesses: Approved Facilities: Value data was reported at 3.500 GBP bn in 16 Aug 2020. This records an increase from the previous number of 3.400 GBP bn for 09 Aug 2020. United Kingdom CBILS: Large Businesses: Approved Facilities: Value data is updated weekly, averaging 2.330 GBP bn from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 3.500 GBP bn in 16 Aug 2020 and a record low of 0.360 GBP bn in 10 May 2020. United Kingdom CBILS: Large Businesses: Approved Facilities: Value data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.

After peaking in 2020, following the outbreak of the COVID-19 pandemic, lending to small and medium enterprises (SMEs) in the United Kingdom (UK) decreased overall. In 2024, lending to UK SMEs amounted to approximately ** billion British pounds.

United Kingdom CBILS: Large Businesses: Approved Facilities data was reported at 516.000 Unit in 16 Aug 2020. This records an increase from the previous number of 497.000 Unit for 09 Aug 2020. United Kingdom CBILS: Large Businesses: Approved Facilities data is updated weekly, averaging 359.000 Unit from May 2020 (Median) to 16 Aug 2020, with 15 observations. The data reached an all-time high of 516.000 Unit in 16 Aug 2020 and a record low of 59.000 Unit in 10 May 2020. United Kingdom CBILS: Large Businesses: Approved Facilities data remains active status in CEIC and is reported by HM Treasury. The data is categorized under Global Database’s United Kingdom – Table UK.KB043: Coronavirus Business Interruption Loan Scheme.