BLG Are Now Offering The Recovery Loan Scheme

What Is RLS

The Recovery Loan Scheme (RLS) was launched by the government on the 6th of April, to help support businesses to recover and grow following the pandemic. The loans range from £25,000 to £10 million and are open to all businesses with a turnover of less than £45 million. This money could be used to manage cash flow, investment, or growth for the business. However, the actual amount offered depends on the terms and conditions of the participating lender.

If your business was supported via the previous COVID-19 guaranteed loan schemes, or who have taken out a CBILS, CLBILS, or BBLS facility, you are still eligible to access RLS loans as long as you meet the below criteria:

  • Trading in the UK
  • Be viable were it not for the pandemic
  • Have been adversely impacted by the pandemic
  • Not be in collective insolvency proceedings

Businesses of any size and from any sector can apply except the below:

  • Banks, building societies, insurers, and reinsurers (but not insurance brokers)
  • Public sector bodies
  • State-funded primary and secondary schools

How We Can Help You

BLG are one of the listed accredited lenders. As a principal lender specialising in property development finance across the UK, we can help you grow via the recovery loan scheme 2021. Our dedicated team of more than 300 years combined management experience can help you through this process.

We are specialists in property development finance, both residential and commercial. Offering finance ranging from £1 million to £15 million, with competitive terms over 12 to 24 months. Our team of financial experts have the skills and drive to lend and support both small to medium regional developers, unlike high street lenders. Priding ourselves on flexible terms and fast decision making to enable you to move fast and develop your company.

At Autumn Budget 2021, the government announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022. However, from the 1st of January 2022, there are further changes including a reduction in loan money and business size so contact us today to take full advantage.


“We have used BLG for development finance for over 8 years. During that time we have found their knowledge and expertise in the property development industry to be second to none. Their loan process, pragmatic and flexible approach to lending and flexibility when required has supported our business needs throughout the period and provided us with support to deliver new homes in Bristol and the surrounding areas.”

“As property developers you never know the curve balls that you may get and a project that is great on paper may prove a bit more tricky.  This happened to us on a project that BLG have funded and throughout they have supported us.  Our business likes to be collaborative and when we hit those tough moments it really felt like we were working as a team with BLG.  If you have a decent project you can get it funded, but what you really need is a business that is there to support and advise you as well.  For us on this project it was BLG.”

“I approached BLG Development finance with an opportunity I had in Chesham, Buckinghamshire, to build 5 new build houses in 2021. My main contact was Anil Bains who is a Director covering Asset Management. Within very quick timescales, BLG provided me with indicative quotes in regards the finance levels they could offer me. Having considered those levels, I requested a valuation to be carried out which again was dealt with swiftly. We proceeded to completion. The build went very smoothly with monthly monitoring being carried out by BLG and monthly drawdown requests dealt with in a very timely manner. Due to a difficult time generally in the market in regards selling, I was in need of a six-month extension to the loan which again was appraised very quickly and granted. Having dealt with numerous funders over the last 20 years, I can only speak highly of my personal experience with BLG and would very confidently work with them again on any future projects. “

"From our side it has also been a pleasure working with BLG and the team there. We have found you easy to deal with, proactive in resolving any minor issues that have arisen through the project and shown great flexibility in working with us as a partner. We will certainly like to work with you on future partners."

“I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with the team, who always provide very clear information and advice with a friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far.  We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with the team and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

“BLG are very good at communicating with clients and all documents are very clear and all at BLG are always happy to help.”

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