Britain’s COVID lending schemes risk widening regional divides – ZAWYA

Britain’s COVID lending schemes risk widening regional divides – ZAWYA

britain's covid lending schemes risk widening regional divides britain has struggled for decades to find ways of fuelling regional growth outside london    london - in the northern english seaside resort of blackpool, the family-run elgin hotel is preparing to reopen in august after four months' enforced closure.the elgin had a profitable 2019, but bookings so far suggest that the 89-room hotel yards from the seafront will be less than half full this summer, as coronavirus concerns deter older holidaymakers and social distancing reduces capacity.to help cover lost revenue, the hotel tried to secure an 800,000 pound ($1.02 million) loan under the uk's taxpayer-backed coronavirus business interruption loan scheme (cbils).the elgin had a profitable 2019, but bookings so far suggest that the 89-room hotel yards from the seafront will be less than half full this summer, as coronavirus concerns deter older holidaymakers and social distancing reduces capacity.london - in the northern english seaside resort of blackpool, the family-run elgin hotel is preparing to reopen in august after four months' enforced closure.to help cover lost revenue, the hotel tried to secure an 800,000 pound ($1.02 million) loan under the uk's taxpayer-backed coronavirus business interruption loan scheme (cbils).owner nigel seddon said he