Cotswolds leads Gloucestershire for coronavirus loans
By Rob Freeman | 16th October 2020
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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