The Coronavirus SME Guarantee Scheme to assist small and medium enterprises (SMEs) impacted by the coronavirus to access working capital will be extended to loans written until 30 June 2021.

SME Guarantee Scheme Extended

Under the Scheme, the government will provide a guarantee of 50% on new loans issued by eligible lenders to SMEs. Targeted amendments will also be made to ensure that loans available suit the evolving needs of SMEs.

The Scheme was previously due to end on 30 September 2020.