UK government extends loan scheme to some of ‘squeezed middle’ — but not all

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By Jon Hay
03 Apr 2020

The UK government has moved to bridge the gap between its two financial support schemes for businesses hampered by the coronavirus: one aimed at investment grade firms and one for small companies with revenue less than £45m.

These measures were deployed quickly as the UK went into lockdown to try and contain the exponentially spreading infection. Companies with an investment grade credit rating from Moody’s, Standard & Poor’s, Fitch or DBRS could set up a programme to issue commercial paper that the government would buy.

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