COVID-19 CORPORATE FINANCING FACILITY
Support for larger firms through the COVID-19 Corporate Financing Facility
Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.
This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.
It will also support corporate finance markets overall and ease the supply of credit to all firms.
[***See also the Coronavirus Large Business Interruption Loan Scheme (CLBILS) which now provides assistance for large firms***]
All non-financial companies that meet the criteria set out on the Bank of England’s website are eligible.
How to access the scheme
The scheme is now available for applications.
More information is available from the Bank of England.
[Updated 09:22 on Tuesday 07 April 2020]