Home / Banking & Finance

Legal News

Coronavirus (COVID-19)—new government-backed Recovery Loan Scheme launches

Copyright © 2025 LexisNexis

Published on: 06 April 2021

Published by LNB News

LNB News 06/04/2021

Document Information

Issue Date: 06 April 2021

Published Date: 06 April 2021

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

Article summary

HM Treasury has launched its new government-backed loan scheme to provide additional finance to those businesses that need it. Under the new Recovery Loan Scheme, which is intended to ensure businesses continue to benefit from government-guaranteed finance throughout 2021, businesses impacted by the coronavirus (COVID-19) crisis will be able to access loans varying from £25,000 up to a maximum of £10m. The scheme runs until 31 December 2021.

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of