{"id":202,"date":"2021-05-10T14:42:00","date_gmt":"2021-05-10T14:42:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/mental-health-awareness-week\/"},"modified":"2025-12-17T14:46:07","modified_gmt":"2025-12-17T14:46:07","slug":"mental-health-awareness-week","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/mental-health-awareness-week\/","title":{"rendered":"UK Mental Health Week: Four in five small business owners say Covid-19 has negatively impacted their mental health"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull has-no-margin hero-bg has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background:linear-gradient(180deg,rgb(255,255,255) 0%,rgb(243,243,243) 100%);padding-top:var(--wp--preset--spacing--150);padding-bottom:var(--wp--preset--spacing--150);background-image:url(&apos;https:\/\/www.simplybusiness.co.uk\/wp-content\/themes\/simply-business-uk\/assets\/images\/faq-bg.png&apos;);background-size:cover;\">\n<h1 class=\"wp-block-heading has-text-align-center has-azure-700-color has-text-color has-link-color has-max-huge-font-size wp-elements-e97b910131955f7d576c4acb0a46cd70\">UK Mental Health Week: Four in five small business owners say Covid-19 has negatively impacted their mental health<\/h1>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">UK Mental Health Week: Four in five small business owners say Covid-19 has negatively impacted their mental health<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">Four in five (82%) small business owners say Covid-19 has negatively impacted their mental health<\/li>\n\n\n\n<li class=\"wp-block-list-item\">One in five SME owners say their mental health is in a \u2018bad\u2019 place due to Covid-19<\/li>\n\n\n\n<li class=\"wp-block-list-item\">In the last 12 months, a third (30%) have experienced depression, three in five (62%) have been affected by stress and over half (55%) have suffered from anxiety<\/li>\n\n\n\n<li class=\"wp-block-list-item\">But SME owners retain a sense of positivity about things to come \u2013 two in five (39%) are optimistic about the economy picking up, and well over a third feel hopeful about the future of their business (36%) and jobs and orders picking back up (35%)<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Small business owners have been turning to exercise, nature, and gardening to support their wellbeing<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As the UK shines a light on mental health, four in five (82%) SME owners say their mental health has been negatively impacted by Covid-19 \u2013 with one in five (19%) describing their mental wellbeing as being in a \u2018bad\u2019 place.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The study of 765 SME owners from across the country by small business insurance provider Simply Business, released to mark UK Mental Health Week, also revealed that almost half (47%) are worried about their mental health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the last 12 months alone, a third (30%) have experienced depression, three in five (62%) have been affected by stress and over half (55%) have suffered from anxiety. On top of this, more than half of small business owners (51%) have also had problems with their sleep.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, over a quarter (27%) of SME owners have felt low self-esteem in the past 12 months and a fifth (19%) have experienced loneliness.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Worryingly, 82% of self-employed people in total have suffered with poor mental health in the last 12 months \u2013 a year in which many small businesses were either forced to close or have been significantly impacted by various lockdowns and restrictions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The vast majority \u2013 if not all \u2013 said that any symptoms of poor mental health have either been caused by or made worse by the Covid-19 pandemic.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The pressures of running a small business during Covid-19<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Small business owners have been among the hardest hit by Covid-19, with the pandemic \u2013 and the various lockdowns, restrictions, and changing regulations that have come with it \u2013 causing severe disruption to business operations and therefore income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A third (33%) of small business owners have had to close their business at various points of the pandemic, and well over two fifths (44%) are operating at a reduced capacity. Just one fifth (21%) of self-employed people have been able to continue work as usual during the pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s no surprise that running a business has had an impact on self-employed people\u2019s wellbeing. Over a third (35%) have struggled to switch off, one in five (21%) say it has affected their confidence and more than a fifth (22%) say it has negatively impacted relationships with family or friends.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What\u2019s more, almost a third (28%) are feeling demotivated to continue with or restart their business, and one in five (18%) have fallen out of love with their business or the industry they work in.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With six million SMEs in the UK, accounting for over 99% of all businesses, 33% of employment and 21% of all economic turnover, this has the potential to hugely impact our economy and local communities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What\u2019s causing their poor mental health?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understandably, financial worries are having the biggest negative impact on small business owners\u2019 mental health \u2013 with two in three (61%) saying it has negatively affected their mental wellbeing in the past 12 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This was closely followed by not being able to see family or friends (60%), uncertainty surrounding their business (44%), and stress (48%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Almost one third (28%) of SME owners cited isolation or loneliness as a factor in their poor mental health, and almost a quarter (24%) said a lack of physical exercise has also affected them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reasons to be encouraged<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the numerous challenges facing them, many small businesses remain optimistic about what the future holds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two in five (39%) are optimistic about the economy picking up, and well over a third feel hopeful about the future of their business (36%), and jobs and orders picking back up (35%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A third (31%) are feeling positive about their business\u2019 ability to adapt to new conditions, and a fifth (21%) are looking forward to learning new skills.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Taking steps to improve wellbeing<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s also reassuring to know that many are taking deliberate steps to improve their mental health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two in three (67%) are spending more time outside and in nature where possible, while a further 64% are exercising more frequently and dedicating more time to connecting with friends and family (also 64%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A third (32%) have used reading as a tool to improve their wellbeing, while 27% have turned to gardening. Other activities which small business owners say help their wellbeing include mindfulness and meditation (25%) and exploring arts and crafts (21%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alan Thomas, UK CEO at Simply Business, commented:<\/strong>&nbsp;<em>\u201cFew have been hit harder by the effects of the pandemic than the self-employed. Livelihoods are on the line as a result of Covid-19, with small business owners facing an unprecedented amount of pressure. Clearly this has had a huge impact on their wellbeing \u2013 the scale of which can be seen in the results of this study. 82% of SME owners report poor mental health, and 55% are suffering from anxiety.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8220;It\u2019s a situation which should concern us all because small businesses are crucial to our economy and communities \u2013 and will be central to our collective recovery. While the phased reopening from lockdown will have brought a level of relief and optimism for many, it\u2019s crucial that we continue to protect small businesses \u2013 and, crucially, the individuals behind them \u2013 as much as we can.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cAt Simply Business, we feel compelled to highlight this issue and provide practical support where we can. Insuring over 800,000 small business owners and landlords helps us understand the specific challenges being faced by the self-employed, and the reasons behind this concerning data.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8220;Financial worries, dealing with stress, anxiety, and lack of sleep are just some of the challenges small business owners have faced. That\u2019s why \u2013 in addition to shining a light on the emerging wellbeing crisis among the small business community \u2013 we\u2019ve partnered with a range of experts to offer&nbsp;<a href=\"https:\/\/get.simplybusiness.co.uk\/better-for-business\/\">free wellbeing tips and resources<\/a>&nbsp;tailored to the self-employed.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply Business has launched a&nbsp;<a href=\"https:\/\/get.simplybusiness.co.uk\/better-for-business\/\">Better for Business wellbeing hub<\/a>&nbsp;for SME owners \u2013 working with a range of experts to bring free tailored resources and wellbeing tips to the self-employed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">See the full report \u2013&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-news\/small-business-owner-wellbeing-report\/\" data-type=\"knowledge\" data-id=\"962\">Better for Business: a report into the wellbeing of small business owners<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">-Ends-<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Data: Survey of 765 small business owners from across the UK, conducted January 2021<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For further information, please contact:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Frank PR<br><a href=\"mailto:simplybusiness@welcometofrank.com\" target=\"_blank\" rel=\"noreferrer noopener\">simplybusiness@welcometofrank.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-block-block\">About Simply Business<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__http:\/simplybusiness.co.uk__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CgxPfLGQ$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply Business<\/a>\u202fis one of the UK\u2019s biggest business insurance providers, specialising in public liability insurance for small and midsize enterprises. Launched in 2005, Simply Business provides an online brokerage service, delivering policies tailored to individual business requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using the power of tech and data to create the best possible customer experiences, Simply Business employs over 1,200 people across offices in London and Northampton, UK; and in Boston, Massachusetts; and Atlanta, Georgia, in the U.S. Owing to the insurance provider\u2019s internal underwriting capability and expert panel of insurers, Simply Business can cover over 1,200 trade types \u2013 ranging from plumbers to accountants to dog walkers.\u202fIts UK brand campaign \u2013 \u2018<a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__https:\/www.simplybusiness.co.uk\/campaign\/small-businesses-deserve-our-best\/__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CxklTDMU$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply The Best<\/a>\u2019 \u2013 aims to help UK small businesses feel \u2018the best\u2019 about their business insurance.<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-800-color has-cyan-100-background-color has-text-color has-background has-link-color wp-elements-101cbde2ee0c57c7d6d0d48cbb8134b8 has-global-padding is-layout-constrained wp-container-core-group-is-layout-80fb368b wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)\">\n<p class=\"has-text-align-center wp-block-paragraph\">We create this content for general information purposes and it should not be taken as advice. 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Mental Health Week: Four in five small business owners say Covid-19 has negatively impacted their mental health As the UK shines a light on mental health, four in five (82%) SME owners say their mental health [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28050,"parent":131,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"sb_hreflang":"","sb_hreflang_url":"","disable_breadcrumbs":false,"sb_breadcrumbs":[],"sb_faq_schema":"","sb_phone":"","sb_header_url_text":"","sb_secondary_logo":0,"sb_secondary_logo_url":"","sb_show_primary_cta":true,"sb_primary_cta_text":"","sb_primary_cta_url":"","sb_show_secondary_cta":true,"sb_secondary_cta_text":"","sb_secondary_cta_url":"","sb_show_contact_cta":true,"sb_contact_cta_id":"","sb_primary_cta_id":"","sb_secondary_cta_id":"","sb_no_sticky_header":false,"sb_show_last_updated_date":"","sb_enable_replacement_text":false,"sb_replacement_h1":"","_sb_hreflang_stale":false,"footnotes":""},"hidden-category":[],"import-page-type":[],"coauthors":[50],"class_list":["post-202","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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