Submitted by Kayleigh Ross on Wednesday 18th January 2023
Published on Monday 23rd January 2023
Current status: Open
Open until: Sunday 23rd July 2023
Current Signatures: 47
(count is updated approximately hourly)
Issue grants to repay Covid Bounce Back Loans up to £8,000 for small businesses
Provide grants so small businesses can pay off Covid Bounce Back Loans of up to £8,000. Give small businesses a chance in the cost of living crisis to keep providing for their families and keep their businesses going that they worked hard for.
A lot of businesses weren’t entitled to grants so had to resort to Bounce Back Loans when they were most vulnerable. Businesses could borrow up to £50,000 depending on how big their business was. Issuing grants to enable businesses to replay off loans of up to £8,000 would help so many small businesses out by not having that burden over their shoulders for the next 6 years, especially in the cost of living crisis. Give small businesses a chance to succeed in one of the hardest times ever.
Any tax increases to fund these grants should only apply to businesses that benefited from these loans, and should be set at a rate that spreads the financial burden over a longer period than the repayment terms for these loans.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
184.108.40.206 Sun, 29 Jan 2023 22:31:30 +0000