Over the past year in the UK, a wide range of corporates have been supported by a stream of government enforced initiatives designed to stabilise and support businesses during the height of the Covid-19 pandemic. Much of the support available to these businesses has been through various debt products which the government introduced to give businesses the best chances of survival during such unprecedented times. These included:

• Coronavirus Business Interruption Loan Scheme (CBILS): allowing businesses to access financial support up to £5m. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months
• Coronavirus Large Business Interruption Loan Scheme (CLBILS): allowing businesses to access financial support with a group turnover of more than £45m. The scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200m 
• Bounce Back Loan Scheme (BBLS): the biggest advantage of the BBLS was that it did not require repayments during the first 12 months but allowed businesses to access financial help quickly during the pandemic. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000

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