Make the Business Interruption Loan Scheme money easier to access for Covid-19

Rejected 18 signatures

What the petition asks

The system is too slow and is putting businesses into long term debt. The process is no different to a standard commercial facility and people in certain businesses do not understand the requirements to gain this funding.

I recommend the process is changed to make money more accessible.

We are an event hire company. We had Greg Smith ask a question direct to the Chancellor. His answer was clear that there is support for us. However, councils and banks are not releasing the money quick enough and the process is too slow.
Accountants are under serious strain to support with the build of cashflows and many SME's do not understand the requirements needed to access the support available.
Please urgently review the process and make changes to save many companies from going under.

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

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 to improve the scheme.

You could start a new petition explaining clearly what you would like the Government or Parliament to do.

Timeline

25 Mar 2020	Petition opened for signatures
30 Apr 2020	Rejected by the Petitions Committee

Key facts

Signatures 18

Status Rejected

Rejected 30 Apr 2020

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