Recovery Loan Scheme (RLS)

Recovery Loan Scheme (RLS)

The Recovery Loan Scheme (RLS) closed on 30th June 2022, so we are unable to accept any new applications.

  • RLS was a government-backed initiative for businesses with a turnover of up to £45 million, who had been impacted by the coronavirus pandemic
  • Lending through the scheme started at £25,001 up to £2 million, for a term of up to 6 years
  • Businesses who took out a loan through the scheme will remain liable for repayment of the loan.

If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 300 0268.

British Business Bank

As a confirmed accredited lender of the government-backed Recovery Loan Scheme, we’re here to support our customers during the coronavirus pandemic.

If you require additional information about the scheme, please visit the British Business Bank website.

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Enquire about a Business Loan above £25,000

To enquire about either a Bank of Scotland secured Business Loan or the Recovery Loan Scheme, please answer a few questions.

If you aren’t registered for Business Internet Banking, please contact your Relationship Manager.

To enquire about a loan, please call 0345 300 0268.

Lines open 8am - 6pm Monday to Friday, except on public holidays.

If you would like to enquire about a Bank of Scotland secured Business Loan above £25,000, please call 0345 300 0268.

Lines open 8am-6pm Monday to Friday, except on public holidays.

Business Finance Support

The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.

The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit

Whilst all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Bank of Scotland for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstance. Specific advice should always be sought in each instance.