UK start-ups that received taxpayer-funded loans during the pandemic are at risk of closure, according to a report by the Financial Times. The loans, provided through the UK's Coronavirus Business Interruption Loans Scheme (CBILS), were designed to support small businesses struggling due to the COVID-19 crisis. However, many of these start-ups may not be able to repay the loans as the economy recovers from the pandemic.

Source: https://www.ft.com/content/6a84f874-fef8-45b4-901c-ffed8e149392