Lockdown Extension Threatens 30% of SMEs with Closure, Nucleus Warns
As many as 30% of small and medium-sized enterprises (SMEs) may be forced to close permanently if the current...
SMEs
Covid-19 Disrupts SME Sale Plans and Finances
UK small business owners are reevaluating their succession plans due to COVID-19, with 40% putting sales on hold according...
UK Fashion Industry Needs Government Support Amid Covid-19 Impact, Says BFC
In a new report, the British Fashion Council warns that the UK fashion industry faces a potential 1% loss...
Furlough Errors Threaten Small Firms with Unexpected Costs
Small businesses are making mistakes on their furlough scheme applications, leading to potential repayments to HMRC later, according to...
New £617m Fund for SMEs in Shared Office Spaces Announced
Small businesses in shared office spaces, market traders, and small charities can now access a new £617 million funding...
New ‘Bounce Back’ Loan Scheme for Small Businesses
Chancellor Rishi Sunak announces a new 'bounce back' emergency loan scheme for small businesses, offering 100% guarantees on loans...
SME Crisis: Experts Warn of Mass Collapse Amid Pandemic
A new study reveals that nearly one in five small and medium-sized enterprises (SMEs) may not survive the coronavirus...
Bank of England Cuts Interest Rates and Introduces New Measures to Combat Coronavirus Impact
In a bid to mitigate the impact of the coronavirus outbreak on the UK economy, the Bank of England...
Tories Win Election: Plans for Small Business Support in Conservative Manifesto
In a post-election victory, Boris Johnson's Conservative party has unveiled plans to support small businesses with improved access to...
UK Government Orders HMRC to Support SMEs in No-Deal Brexit Scenario
In a meeting with ministers including Michael Gove, representatives from 19 UK business federations discussed accelerating "business preparedness" for...