Home » Lack of scheme for mid-tier businesses: should the UK Government re-think it’s Covid-19 financial support package?

Lack of scheme for mid-tier businesses: should the UK Government re-think it’s Covid-19 financial support package?

By Squire Patton Boggs on March 27, 2020 Posted in EU, UK

As you may have noted from our blog yesterday, one of the main concerns with the UK Government’s current package of support to business is that the eligibility criteria for the Covid Corporate Financing Facility (CCFF) scheme and the Coronavirus Business Interruption Loan Scheme (CBILS) respectively leave a large number of mid-cap businesses unable to benefit from either scheme. In this context, it is interesting to note how across the Channel the French Government support package includes a loan guarantee programme that is potentially available to businesses of all sizes – for further details click here. Let’s see if the UK Government bow to pressure and follow suit.