With applications for the Government’s emergency loan support schemes closing at the end of March and repayments due to commence shortly afterwards, banks and alternative lenders are focusing on the aftermath. The announcement in the Budget of the Recovery Loan Scheme may help some companies, but its terms are likely to be much tougher than the emergency loans in terms of borrower assessment and having more commercial interest rates, so it will not prevent a huge surge in non-performing loans.
Unwinding the Government’s Coronavirus Business Interruption Loan Support Schemes will inevitably have very significant implications for UK lenders. This timely virtual summit, which is being held on 8 April, brings together government, regulators and leading industry experts to consider the issues in the round.
We are delighted that John Glen MP, Economic Secretary to the Treasury and City Minister has kindly agreed to give the keynote address at the event.
Following a series of keynotes from the UK Treasury, the FCA and the British Business Bank, the programme features a series of panel discussions on:
The summit builds on a successful and well-attended series of webinars we organised last July, The City Week COVID-19 Phase Two Webinar Series. Details of this series can be found here.Early booking for this summit is strongly recommended