Development funds stuck in queue – Is CBILS funding available?

Development funds stuck in queue – Is CBILS funding available?

9:25 AM, 8th April 2020, About 3 years ago 2

Text Size

I am in the midst of a development of a pair of semi-detached houses in South London. I am more-than half-way though the build. Labour and materials continue to find their way to site, so, the show continues. My builder and his contractors seem happy to be working. They appear to be following the social-distancing rule.

My issue is that, although the site continues to be developed and my builder will naturally require paying, my allocated funds for this project are ‘stuck’ in a queue (alongside many other people’s funds) at the capital provider’s platform. Until such time liquidity returns to the platform, my funds are being returned in very small amounts; far from the amounts I need to meet my invoices.

Does anyone have any knowledge and/or first-hand information on whether or not I am able to access temporary borrowing to pay my invoices through the CBILS? This borrowing would only be until such time my full requested funds are received by me.

Any thoughts or advice?

Many thanks



Sachin Patel

16:29 PM, 11th April 2020, About 3 years ago

Hi Marinus. My bank Lloyds told me that developers are specifically excluded from the CBILs scheme. So it looks like no. However it wouldn’t hurt to try a couple of banks if you go to:
and filter by loan type you can see which lenders may assist. Let me know if you have any luck.


16:06 PM, 16th June 2020, About 3 years ago

I know this thread is a little old now but Has anyone else heard of CBILS paying out to developers?

I spoke to a broker last week who was waiting for an announcement that CBILS was being widened out to cover developers too.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership


Don't have an account? Sign Up

Landlord Tax Planning Book Now