Petition · past parliament
Write off Bounce Back Loans & CBILS for small high street businesses locked down
Rejected
21 signatures
What the petition asks
Write off BBL/CBILS for high street businesses - see Grimsey Review 2021 http://www.vanishinghighstreet.com/wp-content/uploads/2021/07/AgainstAllOdds-REVIEW-16th-July-download.pdf
Small businesses report they will default on BBL/CBILS. Forced to borrow or bust to stay in business.
Promised by the PM that he "would do whatever it takes"
PM stated we would be locked down for weeks and could trade out of debt. 2.5 Years later service-based businesses continue to be interrupted by covid with a cost of living crisis, increased employer costs to add
see Grimsey review http://www.vanishinghighstreet.com/wp-content/uploads/2021/07/AgainstAllOdds-REVIEW-16th-July-download.pdf
Promised by the PM that he "would do whatever it takes"
PM stated we would be locked down for weeks and could trade out of debt. 2.5 Years later service-based businesses continue to be interrupted by covid with a cost of living crisis, increased employer costs to add
see Grimsey review http://www.vanishinghighstreet.com/wp-content/uploads/2021/07/AgainstAllOdds-REVIEW-16th-July-download.pdf
Why it was rejected
It asked for something that is not the responsibility of the UK Government or Parliament.
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about writing off loans are a matter for lenders, not the UK Government or Parliament.
We have published the following petition, which you might like to sign:
Give small businesses a grant to repay any outstanding Bounce Back Loans: Give small businesses a grant to repay any outstanding Bounce Back Loans
We could accept a petition calling on the Government to give grants to small businesses to repay outstanding Coronavirus Business Interruption Loans.
Decisions about writing off loans are a matter for lenders, not the UK Government or Parliament.
We have published the following petition, which you might like to sign:
Give small businesses a grant to repay any outstanding Bounce Back Loans: Give small businesses a grant to repay any outstanding Bounce Back Loans
We could accept a petition calling on the Government to give grants to small businesses to repay outstanding Coronavirus Business Interruption Loans.
Timeline
| 29 Jul 2022 | Petition opened for signatures |
| 2 Aug 2022 | Rejected by the Petitions Committee |
Key facts
Signatures
21
Status
Rejected
Rejected
2 Aug 2022
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Source: the official petition page. Last checked 15 Jul 2026.