UK government launches latest RLS


Introducing the newest government-backed finance initiative, the Recovery Scheme (RLS), which aims to assist small and medium businesses in navigating the complexities of today's challenging economy. This initiative replaces CBILS and the Bounce Back Loan Scheme (BBLS), and its primary objective is to provide businesses with simplified access to finance.

Key features of the Recovery Loan Scheme:

  • Finance of £25,001-£250,000 
  • Terms from 6 months to 6 years
  • Funds for business use 
  • Access to funding if you already have an RLS, CBILS or BBLS loan

    • This scheme provides a 70 per cent guarantee on the funds borrowed. As a result, lenders are now able to offer competitive finance to businesses that may have found it difficult to obtain previously, due to the economic climate.

    The eligibility criteria for a business to apply:


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    Posted on Apr 4, 2024
    Region: UK
    SME finance
    recovery scheme, RLS, CBILS, BBLS