Submitted on Saturday 6th August 2011
Published on Tuesday 16th August 2011
Current status: Closed
Closed: Thursday 16th August 2012
Signatures: 3
Government Loan Guarantee Scheme
The government must establish a loan guarantee scheme for entrepreneurs who wish to develop new manufacturing infrastructure design, engineering, and manufacturing businesses especially with export potential that creates in excess of a specified number of sustainable quality career and employment opportunities with quality apprenticeship training that guarantees employment within the organisation.
The government must set up a mechanism under the terms of which agreement the banks must loan a ratio of 10:1. Which means for every £1 loaned by the guarantee scheme the banks must lend £10.
The maximum loan amount must be less than £1,250 for every job created and sustained for a minimum period of 12 months, and these jobs must be in place before the loan in finally paid off or the organisation in receipt of the loan shall pay a penalty not exceeding the entire loan amount.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
18.223.237.218 Fri, 22 Nov 2024 20:34:59 +0000
