The British Business Bank support schemes deliver more than £14bn
Today the government published new statistics that show businesses have to date benefited from over £14bn in loans and guarantees to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 268,000 Bounce Back Loans worth £8.3bn, 36,000 loans worth over £6bn through the Coronavirus Business Interruption Loan Scheme, and £359m through the Coronavirus Large Business Interruption Loan Scheme.
| Cumulative number of approved facilities | Cumulative value of approved facilities | Cumulative number of applications | |
| Bounce Back Loan Scheme | 268,173 | £8.378bn | 363,646 |
| Coronavirus Business Interruption Loans Scheme | 35,919 | £6.094bn | 71,316 |
| Coronavirus Large Business Interruption Loans Scheme | 59 | £359m | 358 |
- The applications figure includes approved applications, those applications that are still to be processed, applications that have been declined and those applications that may turn out not to be eligible or cases where customers will decide not to proceed
- Figures show cumulative applications and approvals up to close of business on 10 May 2020
- These figures include data from BBB accredited lenders shared directly with HMT by close of business on 11 May 2020
