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CLBILS extended

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The government has increased the maximum loan available through the coronavirus large business interruption loan scheme (CLBILS) from £50m to £200m, with loans under the expanded scheme becoming available to businesses from 26 May. Businesses receiving support through the scheme will be asked to agree not to pay dividends or make share buybacks, and to ‘exercise restraint’ on executive pay.

Issue: 1488
Categories: News