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Tracking the pandemic's impacts on small business


Tracking the pandemic’s impacts on small business
Opinion
Helen Brand is the chief executive of ACCA
(Getty Images)
Next week the Government will provide an update on the lockdown exit plan with a much-speculated upon roadmap to recovery out of the pandemic.
This roadmap needs clear signposts and barrier-free routes to help small and medium enterprises (SMEs) recover. It has been a turbulent year for them, evidenced in results from the ACCA UK and The Corporate Finance Network (The CFN) SME Tracker since last April.
This rolling poll tracks the responses of ACCA members about the state of their SME clients’ prospects and finances. ....

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Pivot to digital brings hope of future growth to British businesses


Pivot to digital brings hope of future growth to British businesses 
Insurance broker Clare Talbot Jones is reaching other geographies in the UK with the benefit of new digital technology.
Eight in ten British small businesses think they will survive the coronavirus pandemic, according to exclusive new research that reveals top resilience lessons from the crisis.
Embracing digital, diversifying products and accessing emergency finance were found to be the main ways small firms have survived the Covid-19 crisis to date.
Research from Small Business Britain found two thirds (66%) of small businesses have seen their revenues drop.
Over half (53%) accessed government financial support to survive while 33% took out Bounce Back Loans, with a third saving this cash as a future ‘buffer’. ....

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