Rebooting British Businesses post COVID-19
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COVID19 has disrupted the business landscape in ways unthinkable just a couple of months ago.
The British Government has put the brakes on some of the UK’s most profitable sectors, and the economic downturn is much sharper, deeper and potentially more damaging than any previous recession.
The effects have been most dramatic on the retail, leisure, hospitality, and travel sectors, and of those businesses, SMEs and start-ups are particularly vulnerable due to the lack of available capital.
The Government’s response has been to pump its own money into the economy to stave off the crippling effects of COVID19, but exactly how sustainable and effective is this in the long run? Can we honestly say ploughing the UK into more debt is the way to solve this tragic economic fallout?
Our answer is, no – it is not.
And that is why we have launched our campaign ‘Rebooting British Businesses post COVID19’.
We want to expose the gaps in the Government’s current strategy and understand the thoughts, concerns, and anxieties of SME business owners. Our proprietary research canvassing 500 SME owners and key decision makers shines a light on what needs to be done to restart the British economy – the findings of which will be shared in our whitepaper.
We’re optimistic for the future and firmly believe British businesses will bounce back, but we need to have honest conversations with the companies most affected and shift some of the risk of providing funding to business from the Government to private sector investors.
Further news and insight can be found below.
British fintechs call on the Government to incentivise private investors to protect SMEs from collapseThe Fintech Times
Lifeline for start-ups as £500m Future Fund launches – but crucial investors and companies are being overlooked, warn criticsThis is Money is part of the Daily Mail, Mail on Sunday & Metro media group
Mail gives £3million boost to small firms: Free ads in our newspapers for local businesses as 1 in 3 fear they won’t bounce backThis is Money is part of the Daily Mail, Mail on Sunday & Metro media group
Over a third of UK’s SMEs in the travel sector will need 2 years to recover from coronavirusTravelDailyNews International
British businesses call on the Government to incentivise private investors to protect SMEs from collapseBy Buckworths