Coronavirus support

Coronavirus Large Business Interruption Loan Scheme

The government scheme for medium sized to large businesses with a Group annual turnover of more than £45 million

What is CLBILS?

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will support medium sized to large businesses with Group annual turnover of more than £45 million to access loans up to £200m.

We are participating in CLBILS and using the Scheme to support our customers with Term Loans and Revolving Credit Facilities (RCFs). 

A summary of CLBILS and how it works

Eligibility criteria for CLBILS

To be eligible for CLBILS your business must:

Be UK-based, with Group turnover of more than £45 million

Have been directly impacted by coronavirus

Have not received, either directly or within your Group, a facility under the Bank of England's Covid Corporate Financing Facility (CCFF), the Bounce Back Loan Scheme (BBLS), or the Coronavirus Business Interruption Loan Scheme (CBILS) and will not seek to apply whilst the Scheme Facility is outstanding

Have been trading successfully before the coronavirus outbreak and be considered viable over the longer-term, notwithstanding any coronavirus impacts over the short-to-medium term

You won't be eligible if:

Your Business turnover is less than £45 million, however you may be entitled to other government support. 

You’re a credit institution (falling within the remit of the Bank Recovery and Resolution Directive), building society, insurer and reinsurer (but not insurance brokers), public sector body, state-funded primary or secondary school.

Additional information

Companies borrowing more than £50m through CLBILS will be subject to further restrictions on dividend payments, senior pay and share buy-backs during the period of the loan.

Further information can be found on the CLBILS pages on the British Business Bank website.

How to apply for CLBILS

The Coronavirus Large Business Interruption Loan Scheme is now closed to new applications. Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021. If you have a query about CLBILS or wish to discuss an outstanding application, please contact us using your usual bank contact.

CLBILS is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy.

British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.

Visit british-business-bank.co.uk.