Closed petition Raise the maximum turnover percentage offered under Bounce Back Loan top ups
On November 2nd the Government announced that businesses that have borrowed less than their maximum (i.e. less than 25% of their turnover) will be able to top up to the maximum of 25%. We would like to government to raise this maximum so that business can choose to borrow up to 50%.
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Lots of businesses that took advantage of the BBL already took the full 25% not knowing how long the disruption would last. 25% is equivalent to 3 months, but now over 8 months later businesses are still struggling. That’s why we believe that the allowance should be raised and more support offered. Otherwise, a lot of businesses which are the backbone of this country will not actually be able to benefit from the announcement made on November 2nd. And these businesses are the backbone to the UK.
This petition is closed All petitions run for 6 months