6 April 2020
Scheme helps large businesses affected by coronavirus (COVID-19) through the purchase of their short-term debt
Under the COVID-19 Corporate Financing Facility (CCEF), the Bank of England will buy short-term debt from large companies.
This scheme will support your company if it’s been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.
It will also support corporate finance markets overall and ease the supply of credit to all firms.
The scheme is delivered through commercial lenders, backed by the Bank of England.
It will operate for at least 12 months, and for as long as steps are needed to relieve cash flow pressures on firms that make a material contribution to the UK economy.
Companies – and their finance subsidiaries – that make a material contribution to the UK economy are able to participate.
How to apply
The full rules of the scheme and guidance on how to apply are available on the Bank of England website.
First published 24 March 2020