Businesses in all regions and nations of the UK have benefitted from billions of pounds in government-backed loans, according to new figures released today, 18 January.
More than 1.4 million loans have supported businesses and protected jobs across all sectors. The figures show that the retail and construction sectors have benefitted the most, demonstrating how government support is helping those impacted hardest by the pandemic.
Support has been spread across the country, with regions receiving loans proportionately to the amount of businesses located there. This shows that government support is helping those who need it. These loans are in addition to furlough, the self-employment income support scheme and business grants, as part of the government’s unprecedented £280 billion support package to protect jobs during the pandemic.