£61.7m Business Bounce Back Loans Welcomed by Selous, MP

  • Andrew Selous MP welcomes latest figures showing support for businesses in South West Bedfordshire

2,109 Bounce Back Loans worth £61,698,326 have been offered under the Bounce Back Loans Scheme in South West Bedfordshire.

Also in South West Bedfordshire, 88 loans worth £21,171,666 have been offered under the Coronavirus Business Interruption Loan Scheme

In total, more than £200 billion of Government support has been provided to help individuals and businesses in all parts of the UK.

New statistics showing the huge Government support to businesses in South West Bedfordshire have been welcomed by local MP Andrew Selous.

Businesses across South West Bedfordshire have benefitted from £82,869,992 worth of loans since the start of the coronavirus outbreak. This includes 2,109 Bounce Back Loans – 100 per cent government-backed loans which are interest-free for the first 12 months – worth £61,698,326. The scheme ensures that small firms who need vital cash injections to keep operating can get finance in a matter of days, with no repayments due during the first 12 months.

In addition, 88 loans have been offered in South West Bedfordshire at a value of £21,171,666 through the Coronavirus Business Interruption Scheme. This scheme has helped small and medium-sized businesses to access loans and other kinds of finance up to £5 million.

Commenting, Andrew Selous MP said, “This year has been hugely challenging for businesses in South West Bedfordshire, but these latest figures demonstrate the scale of support that the Government has put in place to protect livelihoods and businesses.

"Never has the Government’s agenda to level up the whole country been so important – and we will continue to focus on supporting hardworking families across South West Bedfordshire.”


Comments

Recently Popular

Houghton Regis Chalk Pit Maintenance Money Now Available

Suspension of Council Garden Waste Collections

Crossers Spark Concern For Safety At Blue Waters Woodland

Give blood during the Easter holidays

Houghton Regis Chalk Pit Youth Afternoon With Controlled Bonfire and A Chance to Learn New Environmental Skills 17 Feb

What Do Think About Countryside Sites Operated by CBC?

Green Flag Accreditation for Local Parks - Including Houghton Hall Park

More Popular Stories

Lidl Plans For 1.2million sq ft Regional Distribution Centre

Angry Resident Wants Peace Back as Chalk Pit Tourism Takes Off

L&D Hospital Mani Car Park Closes From 13 July - Bigger Car Park To Be Built

A New Secondary School For Houghton Regis

Consultation on New Secondary School in Houghton Regis

Bidwell Heights - Go Ahead for New Build Despite Crime Concerns

Houghton Regis Academy Closure - Public Meeting 10 March

Plans For 66 bed care Home, Nursery & Shops at Lower Thorn Village

Police Appeal After Man Robbed in Houghton Regis

Give blood during the Easter holidays

Houghton Regis local news, events, council news, going on in Houghton Regis and nearby villages, Bedfordshire, UK. Editor Alan Winter

 HRND

Houghton Regis News Desk

Contact HRND
HRND on Facebook
Facebook Archive
HR Clubs & Societies
Construction
Fix My Street
Story Index
HRND Pinterest
HRND on Twitter
Other Group Sites
Luton News Desk
Dunstable News Desk
Editors Blog
More Group Links