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UK lends £21 billion to small firms hit by #Coronavirus

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British small businesses have borrowed more than £21 billion under a government-guaranteed coronavirus programme in May, well ahead of other support schemes, write Kate Holton and Guy Faulconbridge.

The Treasury said lending under the Bounce Back Loan Scheme had risen to £21.3bn by 31 May, up from £18.5bn on 24 May.

The Coronavirus Business Interruption Loan Scheme hit £8.9bn by 31 May, from £8.15bn the week before.

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