The Covid Corporate Financing Facility (CCFF): information for those seeking to participate in the scheme
Ideally companies should have an investment grade rating, if not the BoE advises either:
- Their existing bank may be able to say the company is viewed internally as equivalent to investment grade as at 1 March 2020. The Bank will then make an assessment based on a range of existing information.
- Major credit rating agencies may also to be able to confirm credit quality in a form that can be shared with BoE and HM Treasury.
Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Business Support website.