To Rishi Sunak

Please delay bounce back loan repayments by 12 months to give UK businesses a proper chance to recover from the pandemic.

Thousands of businesses can't fully reopen until July 19th. Pubs, restaurants and small businesses across the UK are already on the edge of a financial cliff.

The government's 'bounce back loans' were meant to last until businesses 'bounced back' from the pandemic. But now, the loans are starting to be due - even though we're still in lockdown. Small businesses are saying this is 'the worst time' for the bounce back loans to be due. [1]

Many businesses have been closed for months - we need Rishi Sunak to delay bounce back loans by another 12 months to allow us to recover.

Petition text

Here's what Organise members affected by this have to say:

"People needlessly being forced to repay a loan which was intended to be repaid when they had recovered from the lockdowns, yet the lockdowns continue while the loans are becoming due. Madness!"

"I won't be able to earn money for another month. Feels like the final nail in the coffin."

"The travel industry will be no more by the end of the year."

NOTES:
[1] talkRADIO on Twitter:
The hospitality industry have urged the Government to offer a business rates holiday extension if ministers delay June 21. Pub Confederation's @GregMulholland1 : "This is the worst time. The bounce back loans have to be paid shortly. But businesses have not bounced back."
https://twitter.com/talkRADIO/status/1404405767344640001 Sign the petition