• Home
  • /
  • Posts
  • /
  • News
  • /
  • A third of all small businesses in Britain set to fold unless they get access to fresh funding

A third of all small businesses in Britain set to fold unless they get access to fresh funding

One in three UK small and medium enterprises (SMEs) say their survival is dependent on accessing finance by the end of the year, according to new research.

by | 3 Aug, 2022

 

A third of all SMEs in Britain fear their business will collapse if they are unable to access finance, such as a loan or credit, by the end of 2022.

A similar number (32 per cent) do not have a financial plan in place to sustain operations over the next 12 months.

Read more at City A.M.

More from Financial Accountant

How the UK’s rollback of banking regulations could risk another financial crisis

How the UK’s rollback of banking regulations could risk another financial crisis

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Share This