Corporate Financing Facility

Eligibility: All UK Businesses eligible
How to access: More information from the Bank of England: https://www.bankofengland.co.uk/markets/market-notices/2020/ccff-market-notice-march-2020
Timing: 23rd March 2020

The Government will make available and unprecedented package of £350bn in guarantees to support businesses and individuals and if demand is greater, the Government will provide more. The Government will make available and unprecedented package of £350bn in guarantees to support businesses and individuals and if demand is greater, the Government will provide more.

For larger businesses that raise money on the debt markets, by selling debentures and other forms of commercial paper, there is a new lending facility with the Bank of England, enabling them to continue to raise the funds they need with lending backed by the Bank of England. This loan scheme is trailed as offering unlimited financing to eligible businesses.

Details of the Coronavirus loan schemes can be found here.