Bank lending falls

Bank lending falls as CBILS and BBLS end Outstanding bank lending to small businesses in the hospitality sector has fallen by more than £1.4bn since the end of the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Bank lending dropped to £14.6bn in April 2022, down from £16.08bn in March 2021. There was also a 4.6% drop in bank lending to the retail industry in the past 12 months following the end of the Government-supported lending schemes, from £22.1bn to £21.1bn. Overall bank lending to SMEs fell 3.9%, from £216bn in March 2021 to £207.5bn in April 2022

Back To Top
admin@harrisandco.biz