Tag Archives: Coronavirus

Coronavirus Business Interruption Loan Scheme (CBILS)

Illegal Dividends

On 17 March 2020, the UK Chancellor announced a series of measures to support UK businesses.  £330billions of Government guarantees for bank loans. CILS (Coronavirus Interruption Loan Scheme) extended from £1.2 million up to £5millon – starting 17th March. Funding grants for up to £25,000 for smaller businesses. How does the CILS work? Coronavirus interruption […]