Petition · past parliament · HM Treasury
Raise the maximum turnover percentage offered under Bounce Back Loan top ups
Closed
680 signatures
What the petition asks
On November 2nd the Government announced that businesses that have borrowed less than their maximum (i.e. less than 25% of their turnover) will be able to top up to the maximum of 25%. We would like to government to raise this maximum so that business can choose to borrow up to 50%.
Lots of businesses that took advantage of the BBL already took the full 25% not knowing how long the disruption would last. 25% is equivalent to 3 months, but now over 8 months later businesses are still struggling. That’s why we believe that the allowance should be raised and more support offered. Otherwise, a lot of businesses which are the backbone of this country will not actually be able to benefit from the announcement made on November 2nd. And these businesses are the backbone to the UK.
Timeline
| 1 Dec 2020 | Petition opened for signatures |
| 1 Jun 2021 | Closed to new signatures |
Key facts
Signatures
680
Status
Closed
Department
HM Treasury
Opened
1 Dec 2020
Closed
1 Jun 2021
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Source: the official petition page. Last checked 15 Jul 2026.