Financial Support from Banks and Lenders
Many high street banks are providing support services, guidance and funding to help their customers navigate the impact of COVID-19. This page provides advice and information about the coronavirus support available from banks and lenders.
Barclays has launched a free telephone helpline offering support and information to its business banking customers. It is also providing repayment holidays for personal banking customers on overdrafts and mortgages. Go to https://home.barclays/news/2020/03/supporting-our-customers-and-clients-impacted-by-coronavirus–co/ for more information.
HSBC has launched a £5 billion package of support for businesses. Support includes repayment holidays, reviewing overdrafts and trade loans, and providing trade finance solutions to support customers with their supply chains. Go to www.business.hsbc.uk/en-gb/gb/campaign/coronavirus for more information.
Lloyds has launched a £2 billion package to help minimise disruption to business operations. Support includes repayment holidays, no arrangement fees for new or increased overdrafts, invoice discounting and finance facilities. Go to www.lloydsbank.com/business/coronavirus.html for more information.
NatWest has announced a £5 billion fund to support small and medium-sized firms to deal with the impact of coronavirus. Support includes the provision of working capital, loan repayment holidays and temporary emergency loans with no fees. Go to www.rbs.com/news/2020/03/natwest-pledges-p5bn-working-capital-support-for-smes-during-cor.html for more information.
Santander has provided details of the support it is offering to customers impacted by coronavirus. It includes a dedicated helpline and advice on managing finances. Go to www.santander.co.uk/about-santander/media-centre/press-releases/santander-uk-outlines-support-for-customers-during-coronavirus-outbreak for more information.
Government Support for Business
Advice and information about Government support for businesses during COVID-19.
Discretionary Local Business Grants
Support for London’s SMEs to find the local grants available to them during COVID-19.
Government Support for the Self-Employed
Advice and information about Government support for the self-employed during COVID-19.