The British Business Bank has revealed the full regional breakdown of its coronavirus funding to businesses across the 海角视频.
The Government launched the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS) to help companies through the pandemic and lockdown.
London and the South East are the biggest recipients of funding - but the bank says "the proportion of overall loans in each of the nine English regions and three devolved nations matches closely their respective share of the 海角视频 business population".
The East of England has the highest usage of CBILS outside London and the South East, while the North West saw the highest usage of BBLS outside London and the South East with some 11% of the total funding.
Other regions of England showing strong use of BBLS include the East of England (10%) West Midlands (8%), South West (8%), Yorkshire and the Humber (7%) and the East Midlands (6%).
| Region/nation | Volume of CBILS finance | % of offered facilities | % of business population |
| East Midlands | 拢776,952,806 | 7% | 6% |
| East of England | 拢1,020,035,597 | 11% | 10% |
| London | 拢2,001,937,526 | 17% | 19% |
| North East | 拢263,944 | 3% | 3% |
| North West | 拢1,129,802,539 | 10% | 10% |
| Northern Ireland | 拢237,817 | 2% | 2% |
| Scotland | 拢587,638,410 | 5% | 6% |
| South East | 拢1,585,052,125 | 16% | 16% |
| South West | 拢927,187,748 | 9% | 10% |
| Wales | 拢303,205,680 | 3% | 4% |
| West Midlands | 拢871,365,361 | 9% | 8% |
| Yorkshire & Humber | 拢741,647,567 | 8% | 7% |
Keith Morgan, chief executive officer of the British Business Bank, said: 鈥淎 key objective for the British Business Bank is to identify and help reduce regional imbalances in access to finance for smaller businesses across the 海角视频.
"It is welcome to see in the data that these schemes are helping businesses across the 海角视频鈥檚 three Devolved Nations and nine English regions to access the finance they need to survive and stabilise, putting them in a better position to grow as we move into recovery.鈥
Breakdown of CBILS loans per region
British Business Bank
Small Business Minister Paul Scully said: 鈥淭hroughout this crisis, we have backed business of all sizes in in every corner of the 海角视频. The schemes put in place by the government-owned British Business Bank have provided some much-needed breathing space for businesses as they deal with the challenges posed by coronavirus.
"Government support has helped firms right across Britain, not just in keeping businesses going but now enabling thousands to bounce back in a safe, Covid-secure manner.鈥
