Recovery loan scheme extended to June 2022

October 27, 2021|In KRW Tax news|By Keith Witchell

The Budget documents confirm that the Recovery Loan Scheme to help businesses get back on their feet following the pandemic, will be extended until 30 June 2022. However, the government guarantee of those loans will reduce from 80% to 70% in order to encourage the lending market to move towards normality as the economy continues to recover.

For further advice on this matter, please contact me.

Keith Witchell