Rejected petition Review the current support for businesses in the UK

Review current time taken to get funding to businesses in the UK
Apply pressure to banks and lenders.
Prevent the banks from asking for personal guarantees from business owners when the government has already committed 80%
Review 5% retention,This is no legislated and would provide an injection.

More details

There are great businesses in this country who are unable to continue trading despite the government supposedly offering support.

All of the inventors and entrepreneurs in our great country are at risk of losing their businesses as funding just isn't getting through to them.

The UK supported the banks when they crashed, its now time for the banks to support the country to show their gratitude to the UK people.

S.A.D (save our businesses)

This petition was rejected

Why was this petition rejected?

We can't publish petitions when the request is something that's already happening or something that has been announced since you started your petition.

We think your petition is covered by Government or Parliament action already. If you'd like something else, you could start a new petition clearly explaining what it is.

Since you started your petition, the Government has introduced the bounce back loan scheme which is 100% Government backed and available more quickly than previous measures: https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans

You can find more information about support available to businesses here: https://www.gov.uk/business-coronavirus-support-finder

You can find out more about coronavirus and how you can protect yourself and others here:

www.gov.uk/coronavirus

https://www.nhs.uk/conditions/coronavirus-covid-19/

The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

We only reject petitions that don’t meet the petition standards.

Date submitted 2 April 2020
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