The UK Government’s new Recovery Loan Scheme is now open for applications, giving local businesses in Delyn and across the UK, vital financial support as they recover and grow following the pandemic.
UK Government schemes have so far provided over £75 billion of support to over 1.6 million businesses, including local businesses in Delyn, to help as businesses faced closures and challenges during the height of the pandemic.
As restrictions are starting to be eased and businesses begin to reopen, it is still important that support is accessible, in order to give businesses the best chance to succeed. This UK Government support will now come through the Recovery Loan Scheme, highlighting that the Government are committed to protecting jobs, livelihoods, and businesses in every UK nation as we build back better.
Importantly, local businesses in Delyn that have already benefitted from UK Government support such as the Bounce Back Loan Scheme (BBLS) are still able to access this new scheme. This continuation of Government support will therefore play a significant part in many smaller businesses’ recovery and as they move towards a more sustainable future.
Commenting on the new Scheme, Rob said:
“I welcome the Government’s new loan scheme which will provide further support to businesses at a crucial, yet vulnerable time – as they begin to reopen.
“The Recovery Loan Scheme is yet another sign of how committed and dedicated the UK Government is to supporting businesses in our community here in Delyn, and throughout the UK.
“While UK Government support is vital, it is just as important that the public support their local businesses too, so I encourage all residents in Delyn to continue to shop local and back our small businesses.”
The Scheme was announced during the Budget and will run until 31st December 2021. With over 26 lenders already accredited to provide loans through the Scheme, Rob urges local businesses to sign up so they can continue to receive the support they need.
To access the support, businesses can apply directly to a Recovery Loan Scheme accredited lender through their website. For more information about how to apply, click here.