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When will the Recovery Loan Scheme end?

Business Finance

When will the Recovery Loan Scheme end?

Updated: 20 July 2021

What is the Recovery Loan Scheme?

The Government’s Recovery Loan Scheme launched on the 6th of April and allows businesses of any size to get up to £10million in financial support while recovering from the Covid-19 pandemic. 

When will the Recovery Loan Scheme end?

The Recovery Loan Scheme (RLS) will end on 31st December 2021. You can make applications for the scheme up until the end of the day on that date. 

Will the Recovery Loan Scheme be extended?

When the scheme was launched, the Government said that the end of the scheme was subject to review. Currently there is no confirmed date of when that review will take place, so it remains to be seen whether the scheme will be extended or not. 

How to apply for the Recovery Loan Scheme

In order to be considered for the Recovery Loan Scheme, you’ll need to apply through an accredited lender, such as Funding Circle. Apply today in just 10 minutes using our online form and you’ll get a decision in as little as 1 hour. 

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