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Regional distribution of Coronavirus Business Interruption Loan and Bounce Back Loan schemes revealed

Regional distribution of Coronavirus Business Interruption Loan and Bounce Back Loan schemes revealed
Dan Martin
Dan Martin
Freelance content creator & event host
Dan Martin Content & Events
 

Posted: Fri 7th Aug 2020

Businesses in London and the South East have received the highest proportion of loans from the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS).

New figures released by the British Business Bank show that 33% of CBILS loans and 34% of BBLS loans worth more than £3.5bn have been approved for firms in those areas.

At 11%, companies in the East of England have secured the received the highest proportion of CBILS loans outside of London and the South East, and for BBLS it's the North West with the same proportion.

Despite being 9% of the UK's total business population, 19% of CBILS loans have gone to wholesale and retail companies. For BBLS, construction firms have received the most loans at 17% of the total.

Latest government figures show that as of 2 August, 58,595 CBILS loans from 119,248 applications worth £13.08bn have been approved.

For BBLS, the figures are 1,135,575 approved loans from 1,377,955 applications worth £34.44bn.

The regional and sector figures are below and a full breakdown by consistuency is here.

Breakdown of loans offered by region - CBILS

Coronavirus Business Interruption Loan Scheme loans by region

Breakdown of facilities offered by region - BBLS

Bounce Back Loan Scheme loans by region

Breakdown of facilities offered by sector - CBILS

Coronavirus Business Interruption Loan Scheme loans by sector

Breakdown of facilities offered by sector - BBLS

Bounce Back Loan Scheme loans by sector

The latest coronavirus support information

We are keeping you updated on the latest information COVID-19 business support, funding and advice in Enterprise Nation's coronavirus business advice hub. Follow Enterprise Nation on Twitter too for updates.

 
Dan Martin
Dan Martin
Freelance content creator & event host
Dan Martin Content & Events
 
I'm a freelance content creator and event host who helps small businesses and the organisations that support them. I have 18 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from billionaires like Sir Richard Branson to the founders behind brand new start-ups. I've worked for a range of leading small business publications and support groups, most recently as head of content at Enterprise Nation where I was responsible for the prolific output of content on the company's blog and social media. I'm based in Bristol where I run and host regular events with the local small business community and have strong connections to major business organisations in the south west region. In total, I've hosted over 50 events; from intimate meet-ups to conferences with an audience of hundreds including events for international brands like Facebook and Xero. I'm also a big fan of podcasts having hosted Enterprise Nation's Small Business Sessions as well as lots of online events including Facebook Live interviews, webinars and three live web chats from inside 10 Downing Street. With my partner, I co-run Lifestyle District, a lifestyle blog focused on culture, art, theatre and photography. I'm here to help. I'm volunteering free advice calls of up to an hour as part of the Recovery Advice for Business scheme, over the next 6 months. Please get in touch to see how I can help your business. 
 

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