Recovery Loan Scheme

A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The new Scheme, which will open on 6 April 2021, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports a maximum facility size of up to £10m with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Further information can be found on the British Business Bank website.

The government backed Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support for medium to large UK based businesses experiencing disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.


The government has extended the closing date for new applications for CLBILS to 31 January. 


As accredited lenders for CLBILS we can support eligible customers with Term Loans and Revolving Credit Facilities (RCFs) up to £50m.


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Key features

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    Loans available from £50,000 up to £200 million

    • Loans up to £50 million are available from AIB under the scheme.


    • Larger loans of up to £200m may be available where AIB shares the facility with other accredited lenders.


    • Facilities are available by way of both term loan and revolving credit facility (RCF).


    • Repayment terms available from 3 months to 3 years.

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    Interest & Fees

    • Your business will benefit from a proportionate reduction in pricing as a result of lenders receiving capital and risk benefits through the government-backed guarantee.


    • No guarantee fee payable by your business.


    • Arrangement fees will be negotiated on a case by case basis.


    • Interest is payable as it falls due throughout the life of each facility.

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    • The Government provides us as your lender with a guarantee of 80% against the outstanding facility balance.


    • Your business remains liable for 100% of the debt.


    • Other security may be required in accordance with our usual criteria but will exclude any principal private residence.


    • We will not take personal guarantees as security for CLBILS lending below £250,000. For facilities of £250,000 and over, claims on personal guarantees cannot exceed 20% of losses after all other recoveries have been applied.

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Eligibility criteria

CLBILS is open to businesses who are currently not availing of any of the following: the Bank of England's COVID Corporate Financing Facility (CCFF), the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS), and will not use any of them during the term of the CLBILS facility, unless the CLBILS will refinance the whole of the CBILS or BBLS facility.


In addition:

Important to know


  • You need to be an existing AIB customer.
  • All lending is subject to terms and conditions and eligibility criteria. For loans up to and including £50m, dividend restrictions will apply.
  • The maximum loan value can be determined by one of the following three options , you will need to self-certify as to which one applies;


  1.  2 x Annual wage bill as evidenced by 2019 accounts. Where the case of wage undertakings created on or after 1 January 2019, the maximum loan must not exceed the estimated annual wage bill for the first two years in operation.
  2. 25% of 2019 turnover as evidenced by 2019 accounts.
  3.  Estimation of Working Capital/Investment costs required for the forthcoming 18 months. Note, if your business employs over 250 employees, then this is only required for the forthcoming 12 months.


Full details on CLBILS, including how the scheme operates, eligibility criteria, and the list of participating CLBILS lenders can be found on the British Business Bank website

Supporting Information

We may ask you to provide certain evidence to show that you can afford to repay the facility. This is likely to include some or all of the following:

  • Management accounts
  • Cash flow forecast
  • Business plan
  • Historic accounts
  • Details of assets


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Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit




Further information

FAQs are available here:


The CLBILS is one element of a broad package of government financial support for UK business and employees. To learn more about the range of government supports click here:


Other business finance support options

In addition, the British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.