CAPITALBOX IN THE MEDIA
Hung Out to Dry: SMEs need further support to stay afloat
This article previously appeared in Finance Digest
Governments spotted early on the need to step in with immediate effect to help businesses through the national lockdowns. In a recent CapitalBox survey, we found that 31% of European SMEs applied for government support schemes, with the likes of the Coronavirus Business Interruption Loan Scheme in the UK and the ‘Corona Soforthilfen’ in Germany, being some of the most attractive choices.
Hung out to dry: SMEs need further support to stay afloat
This article previously appeared in Business Express
With rising COVID-19 infections throwing the lockdown easing roadmap into disarray, the economy remains under pressure and SME’s road to recovery is delayed further. The brief sense of euphoria that businesses felt has turned into realism as costs continue to mount and revenues remain limited.
Hung Out to Dry: SMEs need further support to stay afloat
This article previously appeared in Economy Standard
Ever since Boris Johnson announced his roadmap to easing lockdown restrictions earlier this year, businesses have been eager to reopen their doors to customers. Yet, delay after delay has dampened hopes on the return to complete normality. This isn’t just bad news for people across the country who are unable to enjoy the unrestricted social gatherings, plan holidays abroad or go clubbing, it has also struck small businesses hard.
Extending ban on commercial eviction has caught SMEs between a rock and a hard place
This article previously appeared in CCRMagazine
“It is imperative that businesses have access to the financial support they need to bridge the cash flow crisis that they may run into. The end of June will call for businesses to end their reliance on the furlough scheme, business rates relief, and the suspension of wrongful trading liability. This is worrying as our research found that 65% of UK SMEs having benefitted from government schemes, but failing to deliver a robust economic package will lead to SME’s looking for alternative avenues.”
SME financial support needed if UK lockdown restrictions stay
This article previously appeared in CCRMagazine
With uncertainty around the government’s roadmap and easing of lockdown on June 21st, businesses have called for the government to bring forward a fresh package of financial support and to consider extending the furlough scheme.
Is Spring Really in the Air? Heightened Consumer Confidence May Not Be Enough This Season for Small Businesses
This article previously appeared in Finance Digest
In the first week of pubs, restaurants and non-essential retail being able to open their terraces and doors to the public, it was estimated that spending was above pre-pandemic levels. Over the course of the pandemic Britons’ have amassed savings of £180 billion in their bank accounts, ready for the grand opening to splurge the cash!