New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective share of the UK business population.
The East of England (11% of the total number of CBILS loans UK-wide) has the highest usage of CBILS outside London and the South East (33%) while the North West (11% of the total number of BBLS loans UK-wide) reports highest usage of BBLS outside London and the South East (34%).
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.