STA Survey – are you a tourism or hospitality business which has taken out a Bounce Back Loan?

Originally announced by the Chancellor of the Exchequer in September 2020, Pay As You Grow (PAYG) enables businesses who have started repaying their Bounce Back Loans to request an extension of their what loan term to 10 years from six years, at the same fixed interest rate of 2.5% and make interest-only payments for six months, in order to tailor their repayment schedule to suit their individual circumstances.

Our survey also asks what support you would like to see coming from government to support your business as we move through recovery.

It will take just 3 minutes to complete; the results will form a vital part of our future discussions with both the UK and the Scottish Government around the continued support needed for tourism business as we move through the pandemic.

You can complete the survey here.