Government coronavirus business loans total nears £52bn

Data released by the Treasury on Tuesday revealed that, as of 9 August, the Government has lent £51.7bn to businesses via its emergency coronavirus loans funding schemes. Lending under the bounce back loan scheme accounted for £34.96bn, with a total of 1,404,726 applicants and 1,157,296 approvals; under the coronavirus businesses interruption loan scheme (CBILS), lending hit £13.41bn, with 121,669 applications and 59,520 approvals; and the coronavirus large business interruption loan scheme (CLBILS) made up £3.4bn of lending, with 497 loans approved out of a total of 896 applications.

Read more: Daily Mail

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