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Get the government to revise the Coronavirus Business Interruption loan scheme.

Submitted on Wednesday 1st April 2020

Rejected on Saturday 27th June 2020

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Get the government to revise the Coronavirus Business Interruption loan scheme.

Petition Details

it fails to help small businesses. also the banks are refusing funding for the majority of small company's who fall inline with the governments guidelines and some banks are using it as an opportunity to make money and raise interest,

Additional Information

Kirsty McGregor, founder of the Corporate Finance Network,

SME sized businesses employing less than 250 people employ most of the workforce - 23 million people.
We could lose up to a million of them in the next month or so. And it will be irreversible which will be catastrophic for the UK economy."
The figures come from a network of accountants serving more than 12,000 small and medium-sized businesses. found 18 per cent of their clients is unlikely to access to the cash they need to survive


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