Replacement recovery loan scheme will offer loans of up to £2m to businesses, backed by a 70% government guarantee in event of default. But small business owners will have to offer personal guarantees first
The government has announced a new £25m taskforce to recover money lost to fraud from the Covid-19 emergency loan schemes
Treasury in talks with lenders about making Government-backed loans to SMEs to help them grow a permanent bank offer
Accountancy firm Azets says businesses struggling to repay Covid-19 debt may default on £20bn of Covid loans, on top of the £4bn worth of fraud the Government already predicts
Government removes guarantees from £240m worth of Bounce Back Loans after banks disclose errors in their own vetting procedures