Statement on classification of Covid Corporate Financing Facility, Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme

The Office for National Statistics (ONS) has completed an assessment of the Covid Corporate Financing Facility (CCFF), Coronavirus Business Interruption Loan Scheme (CBILS), and Coronavirus Large Business Interruption Loan Scheme (CLBILS). While all classifications are published each month on our public sector classifications guide (PSCG), we have considered different ways to communicate the classification decisions for CCFF, CBILS and CLBILS.

There is a pronounced public interest in these classifications and the effect they will have on the UK’s public sector finances and the national accounts. Further, the complexity of these cases means it is challenging to publish a full enough account of the classifications using the limited space in the PSCG in a way that is sufficiently transparent. We have therefore made an exception to our normal working practices and are publishing the classifications on the PSCG, while also publishing the classification notification letters we send to Her Majesty’s Treasury.

The letters are:
CBILS and CLBILS: 29 May 2020 (PDF, 48KB)
CCFF: 29 May 2020 (PDF, 101KB)

For further information please contact econstats.classifications@ons.gov.uk.