It’s just over a month until Christmas, but there’s not a lot of festive cheer for small and medium-sized enterprises out there.
SMEs are under the cosh in the UK as the effects of lockdowns across the country – be it national or under a tier system – begin to bite hard.
One survey of SMEs by small business insurer Simply Business suggests nearly one in five believe they will be unable to survive beyond the festive period.
This is seriously bad news for our economy going into 2021. To put it in perspective, the UK Government’s own figures show that at the start of 2019 SMEs accounted for 99.9% of the business population – that’s 5.9 million businesses.
So instead of putting 1.18 million SMEs at risk of collapse, why not give them access to much-needed working capital that would not only help them survive, but grow?
That is what Hi55 Ventures can offer SMEs through its Working Capital Jobs Retention Scheme. If backed by the UK Government, and through Hi and Pay Asset Finance, small and medium-sized firms can gain much-needed access to working capital at the time they need it most.
To find out more, go to www.hi55.uk