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Businesses borrowed £79bn to survive pandemic July 7, 2021 LONDON: Banks funnelled more than £79 billion in Government-backed loans to companies trying to stay afloat during the pandemic, new data shows. The Chancellor said the Government has “delivered” on the support it promised to businesses. Final data released on Tuesday shows that businesses borrowed another £4.2 billion in the final days of three loan schemes. It means that in total, the Bounce Back Loan Scheme provided £47.36 billion to 1.56 million firms; the Coronavirus Business Interruption Loan Scheme (CBILS) provided loans worth £26.39 to 110,000 companies, while a scheme for larger businesses, CLBILS, provided £5.56 billion to 753 companies. “We promised to stand by businesses at every stage of the pandemic and we have delivered on that promise,” said Chancellor Rishi Sunak.

United kingdomCity ofBritish business bankBounce back loan schemeCoronavirus business interruption loan schemeChancellor rishiRecovery loan schemeBounce back loansSouth eastCatherine lewis la torreஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்பிரிட்டிஷ் வணிக வங்கிபவுன்ஸ் மீண்டும் கடன் திட்டம்அதிபர் ரிஷிமீட்பு கடன் திட்டம்