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Chancellor eases burden on more than a million businesses through Pay as You Grow flexible repayment options

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government announced today (8 February).

  • Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances
  • Chancellor makes support even more generous with the option to delay all repayments for a further six months
  • Pay as You Grow will be available to over 1.4 million businesses, which collectively took out nearly £45 billion through the Bounce Back Loan Scheme

Read more: Bounce Back Loans