What the Bounce Back loans mean for startups


Ben Davey, Barclays Ventures CEO, on the new Bounce Back loan scheme and the government coronavirus business support measures as a whole.

The new microloan scheme announced Monday, will give small firms access to loans entirely backed by the UK government. Businesses can apply for “micro-loans” worth up to 25% of their turnover, up to £50,000.

Davey discusses whether or not the loans will be important for the startup community and what type of businesses they are designed to help.

The loans are part of a larger Covid-19 support package the government has announced over recent weeks for businesses, including the Future Fund. Davey gives his view on that bundle of measures and how the Bounce Back loan fits it in.




Barclays (including its employees, Directors and agents) accepts no responsibility and shall have no liability in contract, tort or otherwise to any person in connection with this content or the use of or reliance on any information or data set out in this content unless it expressly agrees otherwise in writing. It does not constitute an offer to sell or buy any security, investment, financial product or service and does not constitute investment, professional, legal or tax advice, or a recommendation with respect to any securities or financial instruments.

The information, statements and opinions contained in this content are of a general nature only and do not take into account your individual circumstances including any laws, policies, procedures or practices you, or your employer or businesses may have or be subject to. Although the statements of fact on this page have been obtained from and are based upon sources that Barclays believes to be reliable, Barclays does not guarantee their accuracy or completeness.

Share this page

Go back to the top of the page