During 2020, 46% of SMEs contemplated closure but that figure dropped to just 1% in 2021 whilst 36% are now planning for growthaccording to a survey by Purbeck Personal Guarantee Insurance.
Further lockdowns are the number one worry for the owners and directors of UK SMEs but 53% are cautiously optimistic about the year ahead and 22% are very optimistic says the survey.
The survey spoke to 1000 SME owners and directors on how they were feeling about their business at this moment in time after the covid-19 pandemic with 49% of SME owners and directors hope to keep their business on an even keel this year.