It is not unexpected that the UK Treasury & the Bank of England have imposed sensible restrictions on the use the Coronavirus Large Business Interruption Loan Scheme. The limit has been lifted from £50m to £200m.

These funds are there to keep companies in existence during these unprecedented times.

We don’t want to see a repeat of what happened back in 2008 in the USA with the TARP. The original value of $700m allocated to bail out the US banks was partially designed to release cash into the then crippled banking sector. It was not supposed to be used to pay bonuses to investment bankers.

Like I said, not supposed to be used for.