Petition · past parliament · HM Treasury
Give all businesses a grant matching any loans under the Bounce Back Scheme
Closed
297 signatures
What the petition asks
Businesses that took on debts using the Bounce Back Loan Scheme did so in good faith, to weather the storm while the Government dealt with the pandemic. The Government failed to control and eradicate the virus. It should issue grants to the same value of each loan, effectively clearing them.
It has been estimated that up to 60% of the loans will become bad debts (https://www.bbc.co.uk/news/business-54432916), costing the country up to £26 billion.
Bounce Back Loans could suffocate the remaining 40%. Businesses will be put at a great disadvantage compared with new startups which do not carry such a burden and prevent them from competing on an international stage.
Businesses put good faith in the Government. The Government can not rebuild the economy without reciprocating this faith.
Bounce Back Loans could suffocate the remaining 40%. Businesses will be put at a great disadvantage compared with new startups which do not carry such a burden and prevent them from competing on an international stage.
Businesses put good faith in the Government. The Government can not rebuild the economy without reciprocating this faith.
Timeline
| 20 Nov 2020 | Petition opened for signatures |
| 20 May 2021 | Closed to new signatures |
Key facts
Signatures
297
Status
Closed
Department
HM Treasury
Opened
20 Nov 2020
Closed
20 May 2021
Follow this petition
Sign in to get an email when the government responds, a debate is scheduled or held, or the petition closes.
Source: the official petition page. Last checked 15 Jul 2026.