Cowling, M, Nightingale, P and Wilson, N orcid.org/0000-0001-5250-9894 (2023) Covid-19 Lending Support and Regional Levelling Up: Evidence from UK Loan Guarantee Schemes. Regional Studies, 57 (11). pp. 2323-2338. ISSN 0034-3404
Abstract
The economic consequences of COVID-19 were severe with restricted economic activity generating a liquidity crisis for many firms. To address the systemic impact of this liquidity shock, governments around the world rapidly introduced a range of loan guarantee schemes. In the UK, more than 1 million businesses accessed these schemes. Using a novel, comprehensive dataset, this paper explores the regional distribution of access to these schemes and how this was mediated by regional differences in lending institution. Our results show that while the schemes were national and unaligned with regional policy, access favoured firms in poorer regions, and regional differences in lending institutions had a significant influence on the nature of lending.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023 Regional Studies Association. This is an author produced version of an article published in Regional Studies. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | regional disparities; loan guarantees; COVID-19; business lending; lending institutions |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Funding Information: | Funder Grant number ESRC (Economic and Social Research Council) ES/W010259/1 |
Depositing User: | Symplectic Publications |
Date Deposited: | 12 Dec 2022 15:44 |
Last Modified: | 25 Jul 2024 00:13 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/00343404.2022.2159021 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:194201 |