Up to nine million jobs may be affected without an extension.
IPPR: 600,000 firms could collapse without further support
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Up to nine million jobs may be affected without an extension.
The charge comes into effect from 1 March 2021.
COVID-19 prompts UK GDP to fall by 9.9%.
The grants are worth up to £2,000.
Failing to extend existing support will “stunt economic recovery”.
29% of proposed purchases fell through in January.
The organisation is urging for the threshold to be changed.
Repayments can be spread over ten years, rather than six.
Around 1.4m firms have accessed BBLs since May 2020.
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