On 27 April, the Chancellor announced the Bounce Back Loans Scheme to ensure that the smallest businesses can access loans in a matter of days. The scheme launched on 4 May, offering loans from £2,000 up to £50,000, capped at 25% of firms’ turnover. The Government will provide lenders with a 100% guarantee on each loan, to give lenders the confidence they need to support the smallest businesses in the country. The Bounce Back Loans Scheme is open to businesses and lenders across the UK. Lenders in Northern Ireland interested in accreditation can enquire through the British Business Bank.