Covid loan scheme figures for London, from the British Business Bank.
337,347
Covid loans offered
By the schemes' close in 2021, lenders had offered 337,347 loans in London under the Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
£16.3bn
Covid loans offered, value
By the schemes' close in 2021, loans offered in London were worth £16,306.8 million under the Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
320,765
Bounce Back loans offered
By the scheme's close in 2021, lenders had offered 320,765 loans in London under the Bounce Back Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
£10.8bn
Bounce Back loans offered, value
By the scheme's close in 2021, loans offered in London were worth £10,789.6 million under the Bounce Back Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
16,582
Business Interruption loans offered
By the scheme's close in 2021, lenders had offered 16,582 loans in London under the Coronavirus Business Interruption Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
£5,517.2m
Business Interruption loans, value
By the scheme's close in 2021, loans offered in London were worth £5,517.2 million under the Coronavirus Business Interruption Loan Scheme.
Source: Final CBILS and BBLS scheme breakdowns by geography and sector, British Business Bank, July 2021
Loans 'offered' as counted by the publisher; scheme management information from lenders; the publisher notes offered figures can differ from HM Treasury approved figures. Coronavirus Large Business Interruption Loan Scheme data are not included in the workbook.
1,226
Recovery Loans to Q2 2023
1,226 Recovery Loans were offered to businesses in London in the period from Q2 2022 to Q2 2023.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 12 months to Q2 2023
Factsheet table, period printed as 'Q2 2022 -Q2 2023'. Period is taken from the printed label and recorded against the end quarter.
3,652
Recovery Loans to Q2 2022
3,652 Recovery Loans were offered to businesses in London in the period from Q2 2021 to Q2 2022.
Source: Nations and Regions Tracker 2022, British Business Bank, 12 months to Q2 2022
Annex table, period printed as 'Q2 2021-Q2 2022'.
£334m
Recovery value to Q2 2023
Recovery Loans offered to businesses in London were worth £334m in the period from Q2 2022 to Q2 2023.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 12 months to Q2 2023
Factsheet table, period printed as 'Q2 2022 -Q2 2023'. Period is taken from the printed label and recorded against the end quarter.
£1,082.2m
Recovery value to Q2 2022
Recovery Loans offered to businesses in London were worth £1,082,239,466 in the period from Q2 2021 to Q2 2022.
Source: Nations and Regions Tracker 2022, British Business Bank, 12 months to Q2 2022
Annex table, period printed as 'Q2 2021-Q2 2022'.
£1,040.1m
Recovery Loan Scheme drawn value
Drawn value under the Recovery Loan Scheme (iterations 1 and 2) in London was £1,040.06m as at 30 June 2025.
Source: Recovery Loan Scheme (iterations 1 & 2) Performance Data as at 30 June 2025, British Business Bank, 30 June 2025
Page dated 26 August 2025. Figures are revised in later releases and rely on lender submissions to the scheme portal.
3,566
Recovery Loan facilities drawn
3,566 facilities had been drawn under the Recovery Loan Scheme (iterations 1 and 2) in London as at 30 June 2025.
Source: Recovery Loan Scheme (iterations 1 & 2) Performance Data as at 30 June 2025, British Business Bank, 30 June 2025
Page dated 26 August 2025. Figures are revised in later releases and rely on lender submissions to the scheme portal.
£652.6m
Growth Guarantee drawn value
Drawn value under the Growth Guarantee Scheme including Recovery Loan Scheme iteration 3 in London was £652.60m as at 31 March 2026.
Source: Growth Guarantee Scheme (including Recovery Loan Scheme iteration 3) performance data as at 31 March 2026, British Business Bank, 31 March 2026
Page dated 19 May 2026. Figures are revised in later releases and rely on lender submissions to the scheme portal.
3,400
Growth Guarantee facilities drawn
3,400 facilities had been drawn under the Growth Guarantee Scheme including Recovery Loan Scheme iteration 3 in London as at 31 March 2026.
Source: Growth Guarantee Scheme (including Recovery Loan Scheme iteration 3) performance data as at 31 March 2026, British Business Bank, 31 March 2026
Page dated 19 May 2026. Figures are revised in later releases and rely on lender submissions to the scheme portal.
32.64
Growth Guarantee facilities per 10,000
There were 32.64 facilities drawn under the Growth Guarantee Scheme including Recovery Loan Scheme iteration 3 per 10,000 SMEs in London as at 31 March 2026.
Source: Growth Guarantee Scheme (including Recovery Loan Scheme iteration 3) performance data as at 31 March 2026, British Business Bank, 31 March 2026
Page dated 19 May 2026. Figures are revised in later releases and rely on lender submissions to the scheme portal. Ratio calculated and published by the Bank using Business Population Estimates; it is not a count.