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.
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.
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