Covid-19 lending support and regional levelling up
Evidence from UK loan guarantee schemes
Bibliographic Data
| ID | 10409608 |
|---|---|
| Authors | Marc Cowling (0000-0001-5731-8712, Business School, University of Derby, Derby, UK, corresponding author), Paul Nightingale (0000-0002-4155-0880, Science and Policy Research Unit (SPRU), University of Sussex, Brighton, UK), Nick Wilson (0000-0001-5250-9894, Business School, University of Leeds, Leeds, UK) |
| Year | 2023 |
| Volume | 57 |
| Issue | 11 |
| Pages | 2323-2338 |
| Publication date | 2023-01-25 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Regional Studies (JOURNAL) |
| Journal identifiers | ISSN: 0034-3404 • E-ISSN: 1360-0591 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/00343404.2022.2159021 |
| OpenAlex | W4319792819 |
| Language | EN |
| Citations received | 6 |
| References cited | 49 |
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
Business · Coronavirus disease 2019 (COVID-19 · Distribution (mathematics · Economics · Geography · Institution · Levelling · Loan · Market liquidity · Political science · Shock (circulatory · Banking stability, regulation, efficiency · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism
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| Unique citing works | 6 |
|---|---|
| Citations per year | 3 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |