Up to 18% of small businesses will fail in next few weeks
In the next four weeks, 18% of small and medium-sized businesses will be unable to survive, according to research carried out by the Corporate Finance Network. The research reveals that around 13,000 small and medium-sized businesses will fail despite the support measures put in place by the Government. However, if the lockdown lasts longer than three months 31% of small businesses will cease trading. The Chancellor is expected to announce improvements to the Government's support measures shortly.
Read more about the research at: https://www.thecfn.org.uk/18-of-all-smes-are-set-to-collapse-within-the-next-4-weeks-unless-the-government-steps-in-a-team-of-leading-industry-professionals-are-ready-to-launch-such-a-rescue-plan/