social impact report & annual statement

Recovery Loan Scheme (RLS)

What is the Recovery Loan Scheme?

The new iteration of the Recovery Loan Scheme (RLS) which launched in August 2022 is designed to support access to finance for UK small businesses as they look to invest and grow.

The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If we can offer a commercial loan on better terms, we will do so. Businesses that took out a CBILS, CLBILS, BBLS or RLS facility before 30 June 2022 are not prevented from accessing RLS from August 2022, although in some cases it may reduce the amount a business can borrow.

Recovery Loan Scheme-backed facilities are provided at our discretion. We are required to undertake standard credit and fraud checks for all applicants.

Key scheme features include:

Eligibility criteria includes:

Please note, the following are not eligible under RLS:

Submit a loan enquiry

We provide loans up to £250,000 under the RLS scheme. Our loans can be repaid over a 5 year term. To begin our loan process, please complete a short loan enquiry.

Once we receive your enquiry, an investment manager will contact you to progress your enquiry. Typically, the time from application to decision is 2-3 weeks. This is subject to the complexity of the loan and your timely submission of all required documentation. Your investment manager will be happy to discuss this in more detail.

You will need to provide certain documents when you apply for an RLS backed facility. These include:

Please note: Our lending decisions are made by humans not algorithms. Decision-making on whether a business is eligible for RLS is fully delegated to us.

For early resettlement fees, please refer to Section (4) Repayments of our Terms of Engagement.

Business finance support

The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.

Legal notice

The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit