CLBILS upper limit increased to £200m

Today the Chancellor announced that the upper limit for loans under this scheme would be raised from £50m to £200m from 26 May. Any company receiving a CLBILS will be asked to agree to not pay dividends and to “exercise restraint on senior pay”, which the Treasury says includes a ban on cash bonuses, except where they were previously agreed.
As at close of business on 18 May (i.e. before the increase announcement):
• The number of approved loans was 85; and
• The total advanced had reached £0.59bn, an average loan of about £6.86m.
The scheme currently has 12 approved lenders.