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<p>At Budget, the Government announced a package of measures to support businesses
more widely, including increasing the amount businesses can borrow through the Coronavirus
Business Interruption Loan Scheme from £1.2m to £5m, and ensuring businesses can access
the first 12 months of that finance interest free, as Government will cover the first
12 months of interest payments out of public funds. For more information on the Coronavirus
Business Interruption Loan Scheme, please go to: <a href="http://www.British-business-bank.co.uk/CBILS"
target="_blank">www.British-business-bank.co.uk/CBILS</a>.</p><p> </p><p>The Coronavirus
Act includes new legal powers enabling the Government to offer further financial support
considered necessary to businesses.</p><p> </p><p>All businesses facing short-term
cash flow difficulties, of whatever size, are encouraged to engage with their existing
finance providers in the first instance to see what assistance they might be able
to provide.</p>
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