Sage has launched new research revealing 62% of Small and Medium sized Enterprises (SMEs) have made or are planning to make redundancies following the COVID-19 pandemic. This equates to 1.4m jobs at risk if the Government fails to take decisive action now.

There is some light at the end of the tunnel for small businesses. As the lockdown continues to ease many retailers and hospitality businesses are now opening up again, or preparing to return soon.

Re-skilling Britain’s workforce for the economy of the future has acquired a new urgency post lockdown, as COVID-19 has dramatically accelerated long term trends towards digitalisation and distance working.

As the nation continues to work from home for the most part, new research reveals that a quarter (24%) of those currently working from home say maintaining communication with colleagues is the biggest challenge they have faced while working away from the office.

Even in the bleakest of times, entrepreneurs have found a way to innovate and create disruptive products that have enhanced our daily lives or solved a problem. Take the humble chocolate chip cookie, baked for the first time after the Great Depression. During a period of severe economic hardship, this new treat offered some richness and comfort and remains immensely popular to this day.

The Managing Director of Xero today has argued for a national campaign to help the UK’s 5.9 million small firms bounce back post lockdown.

NAEA Propertymark has partnered with REACH UK, a scale up programme, to help its members navigate through the world of technology by selecting the best startups and launching them into the marketplace.

London-based startup, RacketPal is on a mission to help more than one billion racket sports players and enthusiasts meet their perfect playing partners. The team is excited to announce the successful closing of its first pre-seed funding round worth £150,000.

The COVID-19 pandemic has massively accelerated the pace of change in the business world. Leaders and employees have had to adapt to operate in a challenging environment, where the only certainty is change. Not only have organisations had to rapidly adjust to the changing needs of its people, customers and suppliers, but it has also navigated the financial and operational challenges. This has led to many businesses prioritising the now, focusing on reshaping its operations to stabilise revenue and align with short term demand.

Property consultants, Bidwells latest research has revealed that up to 20 million sq ft of new lab and office space will be required in the Oxford-Cambridge Arc within the next two decades to keep pace with soaring demand, twice the volume of the previous 20 years.

COVID-19 is changing the way SMEs take payments, with the use of cash payments having halved and online card payments rising by a quarter during the pandemic, according to the latest independent research from Close Brothers Asset Finance.

Workplace wellbeing expert, Kate Bishop is offering a free Wellness in Action Plan for all UK employers and workers to help tackle the rising levels of anxiety felt by those returning to work after months of working from home or furlough.

Local businesses are core to our communities, but the impact of COVID-19 has been tough on business owners. As the UK steadily reopens its doors to businesses and people alike, Google has pledged to support small businesses across the country with a burgeoning package of products, tools and services to support the reopening and growth of British commerce.

Redundancy is not a modern phenomenon. Recessions date back to the year 1430 and at each occurrence, swathes of hard workers have lost their jobs.

Secure business operations on digital platforms bring a unique set of challenges to compliance for managers. Startups now have to seek SOC 2 compliance just like other traditional businesses.

While WFH or Working From Home has become one of the new buzz phrases from lockdown, this is not always the preferred option, reality or choice for a large number of companies or indeed employees. 

At a time when many professional growth strategies have been put on hold as businesses navigate the huge impact of the COVID-19 outbreak, one of the country’s career coaches is working to support and empower ambitious employees as they continue on their own pathways to success.

Britain’s small businesses achieved three years of innovation in just three months as they battled to keep trading during the coronavirus lockdown. While such efforts to keep revenues flowing have been successful for some owners, concerns about employment prospects and future investment remain for many as lockdown restrictions begin to ease.

The re-opening of shops provided a much-needed relief for retailers in the last two weeks, as the number of companies with a negative assessment of trading conditions plummeted from more than half (54%) to 37%, according to the latest Opinium-Cebr Business Distress Tracker.

Global small business platform, Xero has announced its new analysis has revealed the extent of COVID-19’s impact on UK small business employment and revenue between March and May 2020, showing a 28% drop in revenue and a six percent decline in employment. Late payments to UK small businesses increased by 7.8 days between February and May 2020.