Just 2,022 loans have now been made into the UK’s tiny and medium-sized companies through the government’s coronavirus company scheme that is lending.
There has been around 300,000 applications to date. This means a paltry 0.65 % of enquiries have actually resulted in coronavirus business loans.
The most recent numbers, that have been published by industry body British Finance but obtained separately by City A.M., showed ВЈ291.9m was in fact lent at the time of yesterday via the coronavirus business interruption loan scheme (CBILS).