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The UK government’s response to helping businesses through the ongoing coronavirus pandemic is confusing companies, who say they do not know how to apply for the loans Since the 23 March, UK businesses have been able to access support through the Coronavirus Business Interruption Loan Scheme (CBILS) KEY TAKEAWAYS The UK government has announced two schemes to support UK companies through the pandemic: the CBILS and the CCFF;Market participants have warned some companies risk falling between the schemes unless further action is taken;The UK has been able to avoid EU state aid rules by not giving money directly to the banks According to Ashurst partner Lee Doyle, the framework for the CBILS follows that of the Enterprise Finance Guarantee Scheme (EFG), meaning that some of the infrastructure was already in place
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International_Financial_Law_Review
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UK’s Covid-19 business support leads to confusion
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