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.

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.