Recovery Loan Scheme

The Recovery Loan Scheme (RLS), launched on 6 April 2021, supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.


Whatever your business aspirations, we’ll work with you to provide the best funding solutions at the most competitive rates.

The Scheme aims to improve the funding terms on offer to businesses, however, if we can offer you a commercial loan on better terms, without requiring the guarantee provided by the RLS, we will.

RLS supports a wide range of business finance products, those we offer to our key sectors include:

Term Loans of £25,001 to £10m for individual businesses and £30m for groups, across terms of up to 6 years. Decisions are usually given c.48 hours from submitting all of the required information.

Asset Finance for new and used machinery and other assets, with funding from from £1,000 over (up to) 6 years. Once you receive an offer of finance, you have up to 6-months to take the facility up, if you wish to.

Multiple finance facilities can be utilised by a single business, providing the total amount is under £10m.

Please note: There are no turnover restrictions for businesses accessing the scheme and it is available to businesses who have taken out a CBILS, CLBILS or BBLS facility.


RLS helps businesses affected by Covid-19 access funding for managing cashflow, investment and growth, providing they can afford to take out additional finance for these purposes.

The Scheme will run until 31 December 2021, subject to review.


About RLS

Key Facts

Eligibility Criteria

We’re here to guide you through the process

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The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.

The Recovery Loan Scheme (RLS) is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. For more information visit

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