So, we have finally seen the back of 2020, a difficult year for many reasons and one which provided many challenges for small businesses across the country, dealing with the effects of a global pandemic, lockdowns, and many other issues which made it such a challenging time.
But now the new year has arrived, what does this mean for UK businesses?
Well, it isn’t quite as simple as starting a new page now that the clocks have struck twelve. Some of the same challenges remain, with much of the country facing fresh lockdown restrictions. And although there is a vaccine being rolled out we are unsure as to when “normal” life might resume and what it will look like when it does.
But if it is one thing we have learnt from the last 12 months it is that small businesses are resilient! They have spent much of the last 12 months adapting and changing to the world around them, and they will continue to do so going forward.
The Government’s CBILS scheme is winding down, and we are waiting to see what measures will be put in place to support small businesses and assist lending to them during this period. But whatever comes next, we are sure small businesses will continue to adapt and we will continue to support them.