Type of Intervention: Financial and Economic
Sectors Involved: Private Sector and Businesses
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Lead People/Agency: HM Treasury
BEIS
Bank of England
Overview: Government launches Coronavirus Business Interruption Loan Scheme, which will provide government-backed loans of up to £5 million to small and medium businesses.
The Bank of England’s Covid Corporate Financing Facility will provide a quick and cost-effective way to raise working capital for those large firms who need it.
A business information campaign has launched to ensure that businesses are aware of support available.
Full details here: https://www.gov.uk/government/news/coronavirus-business-support-to-launch-from-today
Other links: 1
Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government