Bounce back loans – understanding the basics of lending (Part 4)
This is the fourth part in our series of popular webcasts on bounce back loans.
The Bounce Back Loan Scheme (BBLS) was set up in April 2020 and provided financial support to businesses across the UK that: could benefit from £50,000 or less in finance. The BBLS was available through a range of accredited lenders and partners and the scheme was part of a wider package of government support for UK businesses and employees. The BBLS closed to new applications and applications for Top-ups, on 31 March 2021. The Recovery Loan Scheme (RLS) replaced the BBLS in April 2021 and the scheme was extended to run for another years in July 2022.
Since the last webcast back in March 2022, a dashboard of bank performance on bounce back loans is now being provided by the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS)
Our panel of experts will consider the data, in the light of the cost-of-living crisis and share their insights on what the current level of repayments, arrears, default and fraud impacts reveal about lending decisions that were taken at the time and future economic, political and social consequences of those decisions.
Watch the previous webcasts in this series by clicking below.
How can banks recover bounce back loans - The moment of truth
Who should attend?
Members working in UK business banking roles.
Members now working as advisers and consultants in/to banks and businesses.
Students studying subjects including commercial lending.
Anyone in the sector who wants to know more about the BBLS and how it operated.
Why should I attend?
To educate yourself on how the BBLS and RLS and understand how effectively they have operated.
Thursday 1st December
13:00 - 14:00