Covid-19 – update on government support for the ‘stranded middle’

Further to our article in relation to the 'stranded middle', Rishi Sunak (MP) is today (Friday 3 April) announcing the new Coronavirus Large Business Interruption Loan Scheme (CLBILS) to provide access to loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million.

The government has set out some initial information in this announcement and we will be watching as the details unfold.

For further information, please get in touch with me, Will Whitt or Joanna Hossack.