Launched on April 6th, The Recovery Loan Scheme (RLS) ensures that businesses of any size can continue to access loans and other kinds of finance (up to £10 million per business) once the existing loan scheme (CBILS & bounce back loans) closes. The actual amount offered and the terms are at the discretion of participating lenders. You need to show that your business: ● would be viable were it not for the pandemic ● has been adversely impacted by the pandemic ● is not in collective insolvency proceedings (unless your business is in the scope of the Northern Ireland Protocol in which case different eligibility rules may apply) A business that received support under the earlier COVID-19 guaranteed loan schemes is still eligible to access finance under this scheme if it meets all other eligibility criteria. This scheme remains open until 31st December 2021, subject to review. Please feel free to contact us should you need some advice on this or visit the government's website at this...