UK Finance’s update on CBILS applications – BCC

Commenting on the latest UK Finance update on the number of firms successfully accessing CBILS, the BCC’s Head of Economics Suren Thiru said:

“The increase in companies accessing CBILS is encouraging progress. However, the number of applications processed and approved will need to be increased significantly in what is a crunch week for firms urgently trying to access financial support.

“Our Coronavirus Business Impact Tracker tells us that a concerningly high number of businesses are still finding accessing the scheme too complex and too lengthy. The government and financial institutions must continue to work together to identify practical steps to improve the workings of the CBILS scheme to ensure that cash gets to the frontline as quickly as possible.”

More information on CBILS and Coronavirus support 

 

Related content

Chamber President calls on Prime Minister to end delay and dither

By Chamber Marketing | 31 January 2020

Beyond 2020: Business Priorities for the Next Decade

By Chamber Marketing | 29 January 2020

Reaction to Northern franchise take-back

By Chamber Marketing | 29 January 2020

New Immigration Model: BCC offers help

By Chamber Marketing | 24 January 2020

Airport facilities to be boosted by new terminal

By Chamber Marketing | 15 January 2020

Economic Survey Results (Qtr 4, 2019)

By Chamber Marketing | 15 January 2020