Chancellor unveils £330bn coronavirus support for businesses

By Joey Gardiner and Tom Lowe2020-03-17T18:10:00

Budget 2020 - Rishi Sunak - Credit House of Commons : Parliament Live TV Screen Shot 2020-03-11 at 15.14.42

Source: House of Commons / Parliament Live TV

Government to provide guarantees behind loans to firms while mortgage lenders will offer payment holiday

Rishi Sunak has pledged to make £330bn of loans available to businesses to support them through the coronavirus pandemic.

In the second of the government’s daily press conferences, the chancellor said the government would offer guarantees to stand behind commercial loans to businesses to ensure that firms can get access to the funding they need.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community