Recovery Loan Scheme

The new iteration of the Recovery Loan Scheme (RLS), launched in August 2022 is designed to support access to finance for UK small businesses as they look to invest and grow.

The Recovery Loan Scheme aims to improve the terms on offer to borrowers, however, if we can offer a commercial loan on better terms, we will.

Whatever your business aspirations, we’ll work with you to provide the best funding solutions at the most competitive rates.
RLS supports a wide range of business finance products, those we offer to our key sectors of print & packaging, engineering, and construction include:

Term Loans of £25,001 to £2m for business 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 £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.

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.

*Except where the Northern Ireland Protocol applies, visit the Key Facts for further information.

Assistance provided through RLS, like many Government-backed business support activities, is regarded as a subsidy and is deemed to benefit the borrower. There is a limit to the amount of subsidy that may be received by a borrower, and its wider group, over any rolling three-year period. Any previous subsidy may reduce the amount a business can borrow.
The scheme provides the lender with a 70% government-backed guarantee against the outstanding balance of the facility after it has completed its normal recovery process.

The borrower always remains 100% liable for the debt.

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 british-business-bank.co.uk.

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