Commenting on the introduction of the Coronavirus Business Interruption Loan Scheme, the BCC’s Head of Economics, Suren Thiru, said:

“The Coronavirus Business Interruption Loan Scheme is a crucial step in getting credit flowing to firms who urgently need it during this difficult period. The inclusion of an overdraft facility in the scheme is particularly welcome to those who are facing an immediate and significant loss of cashflow.

“We look forward to working with the British Business Bank and UK financial institutions to ensure that the scheme delivers cash to the front line as quickly as possible.”