Petition Replace the undertaking in difficulty requirement in CBILS and Bounce Back loans

Simply put, find a way to remove the undertaking in difficulty test from the CBILS and Bounce Back loan schemes.

The EU has issued a temporary framework to ease the burden and the Government has not commented on why the condition still remains in its current form.

More details

Part of the EU undertaking in difficulty test states a company over 3 years old should not have utilised (lost) more than 50% of its issued share capital.

All start up companies invest in innovation and growth in their first few years and would utilise the equity funds raised for this purpose. This does not mean they will be unable to pay the loan, the test ignores current profitability or assets held in the balance sheet i.e. stock.

Great small companies are being excluded from support!

This petition is closed This petition ran for 6 months

17 signatures

Show on a map

10,000

Date closed 13 January 2021
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.