Scots firms offered £2.3bn of Covid bounce back loans

The UK Treasury said on Friday that more than 65,000 businesses in Scotland benefited from over £2.3 billion of support to bounce back from COVID through UK government supported loan schemes.

The Treasury said 63,000 loans worth over £1.8 billon have been offered under the Bounce Bank Loans Scheme, 2,600 loans and support worth £587 million have been offered under the Coronavirus Business Interruption Loan Scheme.

Figures published on Friday reveal that 29.8% of employees in Scotland benefitted from the furlough scheme.