Have your say on government e-petitions

Give all businesses a grant matching any loans under the Bounce Back Scheme

Submitted by Adam Taylor on Friday 13th November 2020

Published on Friday 20th November 2020

Current status: Open

Open until: Thursday 20th May 2021

Current Signatures: 98
(count is updated approximately hourly)

Relevant Departments

Tagged with

BBC ~ Covid ~ Covid-19 ~ Economy ~ Government ~ Grant ~ It ~ Rebuild ~ Storm ~ The Government ~ UK ~ virus

Petition Action

Give all businesses a grant matching any loans under the Bounce Back Scheme

Petition Details

Businesses that took on debts using the Bounce Back Loan Scheme did so in good faith, to weather the storm while the Government dealt with the pandemic. The Government failed to control and eradicate the virus. It should issue grants to the same value of each loan, effectively clearing them.

Additional Information

It has been estimated that up to 60% of the loans will become bad debts (https://www.bbc.co.uk/news/business-54432916), costing the country up to £26 billion.

Bounce Back Loans could suffocate the remaining 40%. Businesses will be put at a great disadvantage compared with new startups which do not carry such a burden and prevent them from competing on an international stage.

Businesses put good faith in the Government. The Government can not rebuild the economy without reciprocating this faith.


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18.232.146.10 Fri, 27 Nov 2020 13:53:36 +0000