Change the bounce back loan turnover from 25% to 50%

Rejected 21 signatures

What the petition asks

I would like the government to change the criteria for the bounce back loan, as I have spoke to a lot of people and they underestimated their annual turnover due to the uncertainty from this pandemic. Business has picked up for a lot of people in the last few months.

However going into a second lock down is going to be very challenging.The second lock down has left a lot of uncertainty for businesses, as the government have stated that there is a potential of the lockdown being extended. This will lead to a lot of small and medium sized businesses will close.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You might like to sign the following petition:

Raise the maximum turnover percentage offered under Bounce Back Loan top ups
Raise the maximum turnover percentage offered under Bounce Back Loan top ups

Timeline

12 Nov 2020	Petition opened for signatures
10 Dec 2020	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 10 Dec 2020

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