What to Expect

Outline:

The Bounce Back Loans Scheme (BBLS) was designed to enable UK businesses to access finance quickly during the coronavirus pandemic. More than 1.5 million businesses that were losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak took out a BBLS facility before the scheme closed to new applications on 31 March 2021.

But what happens now to those companies who may struggle to repay these loans and what does the 100% state backed guarantee actually mean?

In this informative session our panel of experts from British Business Bank, UK Finance and The Insolvency Service will be on hand to provide essential information on the general principles of the scheme, the approach being adopted with regards to recoveries, and outline the Pay as You Grow (PAYG) options that are available to give BBLS recipients more time and flexibility to pay back their loan.

This is an essential session for anyone involved in giving advice to ailing businesses or the insolvency of companies who have taken advantage of the scheme.

This is a R3 Member Only Event. If you are not an R3 Member but would like to join, please view more information here.

Chair: Caroline Sumner, CEO, R3