UK businesses are hanging by the skin of their teeth. Just last week the Federation of Small Businesses (FSB) reported that at least 250,000 small businesses will collapse in 2021 unless more support is offered to them under the current restrictions.
Unfortunately, the latest restrictions have delayed the return to business as usual for many SMEs.
As we say ‘so long, farewell’ to 2020, Envestors looks ahead to 2021 and what the early-stage investment market can expect.
January is always the busiest time of year for accountants. At the beginning of the new year, there is a rush of new enquiries which gradually increase over the course of the month as the Self Assessment tax return deadline on 31 January creeps closer.
In March the CoronaVirus Business Interruption Loan Scheme (CBILS) comes to an end.
Dating during a pandemic is challenging to say the least.
This year, we’ve not only learnt that many businesses can work remotely, we’re starting to consider just how remote that could be.
2020 was a tough year for all of us. Businesses and consumers alike were hit by Covid-19 in the spring, struggled to survive through a battered economy throughout the summer, before a resurgent pandemic appeared again in the autumn.
Connecting with other SMEs is a business owner’s route to success. Expand and use your network to learn from the experience of others.
As 2020 draws to what many will consider a welcome close, it’s time to look forward to what 2021 will bring in terms of SME finance.