Legal firm Buckworths surveyed over 500 UK SME owners and decision-makers, to gauge attitudes towards the Government’s response to COVID-19 and the economic impact of the ongoing lockdown.

They found 27% of SMEs don’t think the Government’s support scheme is enough to help them survive, whilst nearly 20% admitted their business could not survive longer than a month without a cash flow boost.

The research also showed the economic impact of COVID-19 will be most severe in poorer regions of the UK, with respondents from Northern Ireland, the West and East Midlands saying their business could not stay open for another four weeks without further economic support.

The lack of help from landlords was cited, with almost a fifth of British SMEs in retail, catering and hospitality space having a rent holiday declined.

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