Improvements to the UK Government’s Coronavirus Business Interruption Loan Scheme (CBILS).
On the Chancellor Rishi Sunak’s announcement of further financial support for Scottish business affected by Covid-19, Dr Liz Cameron, Chief Executive of the Scottish Chambers of Commerce said:
“This is a much needed boost to the financial package available to Scottish businesses. We asked the Chancellor for a rethink to the Coronavirus Business Interruption Loan Scheme (CBILS) and he has listened.
“There were gaps, particularly for small and medium-sized companies in the original package. Our message remains the same: Get the cash out the door fast – businesses cannot afford to wait if we are to survive. This is about saving jobs and the livelihoods of millions of employees across all sectors throughout Scotland.”