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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).

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