The government continues to look to lenders to support businesses to get through the economic problems caused by Covid 19.

We have considerable experience already in advising on the implementation schemes and are ready to support lenders in implementing future schemes and in managing the risks of existing ones.

We have advised on:

  • BBLS - Bounce Back Loan Scheme
  • CBILS - Coronavirus Business Interruption Loan Scheme
  • CLBILS – Coronavirus Large Business Interruption Loan Scheme
  • CCFF – Covid Corporate Financing Facility
  • The Future Fund

Our support includes:


Supporting lenders in obtaining accreditation under the schemes.

Lending Panel

Acting as advisers on lender panels to support clients in the delivery of lending under the schemes.

Lending Documentation

Preparing template loan documents for lending under the schemes to ensure compliance with their eligibility requirements.

State Aid

Providing advice on the State Aid implications of the schemes.

Scheme Documentation

Advising lenders on the scheme documentation for each of the schemes, including advice on the eligibility criteria and compliance with Government guarantees.


Advising on end to end lending processes and procedures to ensure they match the requirements of the schemes e.g. on-boarding, credit processes and considerations and transaction execution.

CCA and CONC Regulated Lending

Advising on the requirements and effect of statutory amendments or regulatory disapplication. Our market leading regulated lending team can provide the expert commercial advice firms need.


Advising on the applicability of the conduct rules to Senior Managers and other individuals and supporting firms in minimising the risk of disciplinary action.

Wider FSMA and Enforcement Risk

Advising on regulatory powers which the PRA and FCA will vary depending on the nature of lending and on whether any issues that arise are systemic. Our investigations lawyers can provide expert support in this area.

AML and Fraud

Advising on compliance with AML and fraud risks. Covid 19 presents a new fraud risk. Considerations include modifying AML checks to reflect the need for speed while complying with AML rules.

Key Contacts

Gaenor Cassell

Gaenor Cassell

Partner, Finance

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Sarah Egbu

Sarah Egbu

Partner, Real Estate Finance and Hotel Finance
London, UK

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Rosanna Bryant

Rosanna Bryant

Partner, Financial Regulation

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Sarah Thomas

Sarah Thomas

Partner, Global Investigations

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