SpaceandPeople announced that the Group has renewed and extended its banking facilities with Santander. This involved the replacement of the Group's existing £1.0 million Revolving Credit Facility with a £1.0 million CBIL scheme term loan. This loan is for a six-year duration, with no repayments or interest due in the first year, followed by repayments in years two to six with the final £0.5 million repayable at the end of the sixth year. The RCF that this replaces was due to be repaid in October 2021. Additionally, the Group's annual overdraft facility of £0.25 million has been replaced with three-year CBIL scheme overdraft facilities of £0.75 million which increases the Group's cash headroom. The Group's existing £1.0 million CBIL scheme five-year term loan, agreed in 2020, remains in place.