Federation of Small Businesses

One in five small businesses have had no emergency Covid-19 help
Business, Business Grants, COVID-19, Federation of Small Businesses, Government Grants no comments

One in five small businesses have had no emergency Covid-19 help

Holding out: only half (51%) of small business owners have been able to access a Covid grant One in five small businesses have not had any emergency Covid-19 help during the pandemic. That is around 1m of Britain’s 5.9m small businesses and sole traders left without financial support, mainly because they are not in retail,…

Quarter of a million small businesses set to fold without more Covid help
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Quarter of a million small businesses set to fold without more Covid help

Closed for business: 5% of small businesses expect to shut their doors before the end of 2021 Over 250,000 small businesses are set to close this year without further Covid financial help, according to the latest FSB study. Five per cent of small businesses surveyed said they do not expect to struggle on beyond 2021….

Small business calls for multibillion-pound Covid-19 support package
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Small business calls for multibillion-pound Covid-19 support package

FSB chairman Mike Cherry has written to chancellor Rishi Sunak outlining a five-point plan Small business has asked the chancellor for a multibillion support package to help get it through to the other side of the pandemic. Mike Cherry, national chairman of the Federation of Small Businesses, has written to Rishi Sunak outlining his proposed…

Turn Covid emergency debt into shared ownership, urges small business
Business, COVID-19, Employee ownership, Federation of Small Businesses, News, Outlook no comments

Turn Covid emergency debt into shared ownership, urges small business

Employee-owned businesses in Britain are currently worth £20.1bn between them, employing 178,000 people The government should consider converting “unmanageable” levels of Covid debt into shared company ownership, the Federation of Small Businesses has urged. Four out of 10 small businesses called their level of debt “unmanageable” in a FSB report published over the weekend. Nearly…