Covid-19 Corporate Financing Facility Print
This scheme helps large companies affected by coronavirus by the Bank of England purchasing of their short-term debt. This is to help companies affected by a short-term funding squeeze, and allow them to fund their short term liabilities. It is also designed to support corporate finance markets and ease the supply of credit to all firms. The scheme is operated by commercial lenders backed by the Bank of England, and will operate for as long as it is required to relieve cash-flow difficulties for firms that make a material contribution to the UK economy.