As part of the Government’s package to support UK businesses as they recover and grow following the coronavirus pandemic, RLS launched on 06 April 2021 and will run until 31st December 2021, subject to review. The scheme aims to give SMEs affected by COVID-19 financial support for any legitimate business purpose, such as cashflow, investment, and growth.
You can access the scheme by visiting the British Business Bank directly and enquire with each provider of your choice.
If your business has already borrowed from previous schemes, including the Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS), RLS still an option for you, but note that the circumstances limit the amount you may borrow under RLS.
If you register through our FSB Funding Platform, you can make one simple and easy application, saving you time and effort. We then do the hard work for you by checking your eligibility with our current list of providers. Not all providers are available through the Funding Platform at the moment, but more are being added. We can also use your application to suggest other funding options available to you.