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Launch of Coronavirus Business Interruption Loans Scheme brought forward

The launch of the Coronavirus Business Interruption Loan Scheme (CBILS) has been brought forward.

At the Budget on March 11, Chancellor of the Exchequer Rishi Sunak announced that the scheme would be available ‘over the coming weeks’.

This has now been brought forward and the launch is expected in week commencing March 23 2020.

As well as loans, there are many other types of finance supported by the programme, depending on the provider.

Bira has been urging the Government to make desperately-needed support for small independent retailers available more quickly.

Andrew Goodacre, Bira’s CEO, said: “We are pleased the Government has listened to Bira’s plea for urgent financial support for our members and the wider independent retail community.”

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