Jurisdiction(s):
United Kingdom

Key definition

Availability definition

What does Availability mean? In asset-based lending, availability is the borrowing headroom a borrower can draw at a given time, calculated by reference to the agreed borrowing base. It is a commercial term used in ABL facility agreements rather than a concept defined by legislation or case law in England & Wales, Scotland, Northern Ireland or Ireland. Availability typically equals the sum of advance rates applied to eligible asset classes (commonly receivables and inventory/stock, and sometimes plant and machinery or real estate components) less agreed reserves and less current utilisation, and is always capped by the facility limit. It is affected by eligibility criteria,...

Archived April 2022: UK government COVID‑19 business support—Recovery Loan Scheme, tax measures, grants and insurance summary for legal advisers

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

ARCHIVED

ARCHIVED: This Practice Note was archived in April 2022 and is no longer maintained. For current information on government financial support during the COVID-19 pandemic, refer to the British Business Bank website...

Scope

This Practice Note, developed with James Collis and John Alderton of Squire Patton Boggs LLP, sets out the range of schemes and support measures launched by the UK government to help businesses respond to the COVID-19 pandemic. For easier reading, download a copy using the button at the top left and change the page layout to landscape...

Financing Facility Support

What help is available?
What does the help involve?
Which companies are eligible?
What are the criteria (if any) for applying?
How to apply
Availability?

Recovery Loan Scheme (RLS)

Replaced the earlier coronavirus (COVID-19) loan schemes once they closed
Loans are offered through a network of accredited lenders
Allows businesses of any size to access loans and other finance up to £10m per business
Funding can be used for any legitimate business purpose, including growth and investment
Government provides a guarantee...

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Web page updated on 21/05/2026

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