This petition was submitted during the 2019-2024 parliament
Rejected petition Write off Bounce Back Loans & CBILS for small high street businesses locked down
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
More details
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
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
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: https://petition.parliament.uk/petitions/620313
We could accept a petition calling on the Government to give grants to small businesses to repay outstanding Coronavirus Business Interruption Loans.
We only reject petitions that don’t meet the petition standards.