Skip navigation

Gloucestershire Business News

Cotswolds leads Gloucestershire for coronavirus loans

The Cotswolds has received the second highest amount in coronavirus loans among South West constituencies since the start of the coronavirus pandemic.

Only Bournemouth West (£112million) has received more than the Cotswolds' £103.7million across the region.

In all, Gloucestershire has received 11,965 Bounce Back Loans and Coronavirus Business Interruption Loans which amount to almost £483.9million.

The Cotswolds received 136 business interruption loans for small and medium-sized businesses which came to £36.7million, together with 2,325 Bounce Back Loans - fully backed by the Government and interest free for the first 12 months - worth £67million.

Cheltenham is the next biggest recipient in the county with 2,083 loans totalling £92.7million and made of up 112 loans under the CBILS (totalling £34.6million) and 1,971 Bounce Back Loans (£58million).

There have been 1,843 loans in Gloucester worth almost £74.5million - 104 CBILS (£25.6million) and 1,739 bounce back (£48.8million) - while in Stroud there were 1,961 loans totalling £81.5million.

Stroud's loans consist of 130 business interruption loans which brought in £30.7million and 1,831 bounce back loans (£50.7million).

There have been 1,674 loans in the Forest of Dean worth £54.6million, 59 business interruption loans totalling £10million and £1,615 bounce back payments bringing in £44.6million.

And in Tewkesbury, £76.8million has been received in 1,934 loans - 131 using the CBILS (£25.9million) and 1,803 bounce back payments (£50.9million).

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, October 21 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, October 21

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Stonehouse eco business secures £500,000 government funding Image

Stonehouse eco business secures £500,000 government funding

Stonehouse based sustainable materials manufacturer Adaptavate has been awarded a £500,000 development project.

Online event shines spotlight on cyber security Image

Online event shines spotlight on cyber security

Staying ahead of cyber criminals will be the subject of tomorrow's virtual event organised by the company supporting the growth of Cheltenham's cyber tech hub.

Cheltenham Town warn of losses without support Image

Cheltenham Town warn of losses without support

Cheltenham Town have said they could lose as much as £1million during the financial year if Football League clubs do not receive any financial help.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.