UK businesses borrow more than £52.6 billion to tackle impact of the pandemic

According to the latest industry research, UK businesses have borrowed more than £52.6 billion in a bid to combat the disruption caused by the Coronavirus pandemic.

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COVID-19 – 1.23 million businesses access Government support schemes

More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury.

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COVID-19: UK businesses owed more than £133 billion since lockdown began

UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown.

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COVID-19: Government’s Bounce Back Loan Scheme distributes £23 billion in finance

The Government’s Bounce Back Loans Scheme has provided more than £23 billion in finance to more than 780,000 businesses, according to the latest research.

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