As part of their measures to combat the economic fallout of Covid-19 the Treasury and the Bank of England created a novel scheme called the Covid Corporate Financing Facility (CCFF), to offer financing to large companies whose operations are being impacted by the crisis. As of today, £7.477bn has already been distributed. However, as usual, banks are completely failing in their role to support SMEs by overwhelmingly refusing their loan applications under the government’s Coronavirus Business Interruption Loan Scheme (CBILS). While on the other hand, a small number of huge businesses are receiving special treatment from the Bank of England’s CCFF, having already benefited from close to 7 times more financial support than the entirety of UK SMEs put together.
— source positivemoney.org | Apr 16, 2020