SME Finance: Do small businesses need help to rebuild from Covid-19?

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Over 1.5 million SMEs have received approximately £66 billion worth of Government-back Covid-19 loans, as of January 2021. This includes the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Future Fund.

SMEs are likely to suffer adversely from putting aside cash to enable repayment of Covid-19 loans. Unless SMEs address this problem, there will be a drag on investment in R&D, investment in growth, replenishing working capital with which to trade, investing in productivity enhancement and in exporting.

Our report considers what type of advice and support would help SMEs to repay their debts, and return to growth.

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Oxford Innovation Advice offers Insights into SME needs and policy effectiveness for policy makers, funders and business support commissioners. It draws on our 30 years’ experience of delivering positive economic growth by enabling scale-ups to achieve their full potential. Each edition concludes with an ‘Implications for funders and Policy makers’ section.

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Update – Wednesday 15th December 2021

Our Innovation Centres remain operational and accessible, and provide a safe environment for our staff and customers. We continue to assess the risk of COVID-19 alongside the latest guidance from government. In the meantime our Innovation Centre remains COVID-19 Secure and fully open for business. Our detailed risk assessment can be found here.