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Birmingham Post
Birmingham Post
Business
Lauren Phillips

British Business Bank has offered £135m in recovery loans to SMEs in Wales

A loans recovery scheme from the British Business Bank has provided £135m of lending to firms Wales since being launched in April last year.

The Recovery Loan Scheme was set up by the UK Government's economic development bank, which has a UK-wide remit to provide loans and equity firms, to help UK businesses recover and grow following the pandemic.

Of the £135.4m of total funding offered by accredited lenders, around £117.7m had been drawn down through 639 facilities to 580 Welsh businesses.

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