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Provide better financial support for small businesses in construction and others

Submitted on Wednesday 27th January 2021

Rejected on Tuesday 16th March 2021

Current status: Rejected

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

Petition Action

Provide better financial support for small businesses in construction and others

Petition Details

I would like to see the government do more in terms of funding options for businesses that had lost contracts or income due to the coronavirus within all industry. I would like it to be like a Bounceback Loan but more accessible to businesses where the government provides back up towards the funding

Additional Information

The funding will have to be backed by the Government to support small business as they have lost a large number of working capital which they would have had but do the coronavirus interruption businesses were unable to continue working or had jobs put on hold. This lead to loss of income and now when things are starting to pick up business haven't got the working capital to support new workflow as they can't just afford it. As no bank will give any finance to a small business like myself.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

Petitions need to call on the Government or Parliament to take a specific action.

We're not sure exactly what you'd like the Government or Parliament to do. Bounceback loans are already underwritten by the Government.

You could start a new petition explaining clearly what you would like the Government or Parliament to do, such as increasing who can apply for the loans, if that's what you'd like to see happen.

Have your say on this petition!

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