Article preview: Government financial support during the Covid-19 pandemic has been unprecedented. With the ‘furlough’ scheme drawing to a close, and the second round of grants for the Self-Employment Income Support Scheme now open for applications, it’s interesting to reflect on the scale of business borrowing during the pandemic. The latest official figures from HM Treasury show that more than 1.23 million businesses in the UK have borrowed money through government-backed coronavirus lending schemes.
This is how much businesses have borrowed to get through the pandemic
This 398-word blog post looks at the latest official figures from HM Treasury, revealing the scale of government-backed lending to businesses during the Covid-19 pandemic, along with research findings about the willingness of businesses to borrow to grow or survive. Written on 19th August 2020.
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