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Approximately £73bn provided by banking and finance industry through coronavirus (COVID-19) lending schemes

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Published on: 25 February 2021

Published by LNB News

LNB News 25/02/2021

Document Information

Issue Date: 25 February 2021

Published Date: 25 February 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

UK Finance has reported that figures published by HM Treasury reveal that the banking and finance industry has provided approximately £73bn to almost 1.6 million businesses through coronavirus (COVID-19) lending schemes backed by the government. In total, the UK banking and finance industry provided support to around 27% of British businesses using these schemes.

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