{"id":219,"date":"2021-04-21T14:42:00","date_gmt":"2021-04-21T14:42:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/small-business-confidence-vaccine-rollout\/"},"modified":"2025-12-17T14:47:28","modified_gmt":"2025-12-17T14:47:28","slug":"small-business-confidence-vaccine-rollout","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/small-business-confidence-vaccine-rollout\/","title":{"rendered":"Vaccine rollout raises small business confidence but a quarter don&#8217;t expect to survive past 2021"},"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-6ca9c060d72940f1de78e832fc25cb20\">Vaccine rollout raises small business confidence but a quarter don&#8217;t expect to survive past 2021<\/h1>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Vaccine rollout raises small business confidence but a quarter don&#8217;t expect to survive past 2021<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">65% of small business owners say the UK\u2019s vaccine rollout progress has made them more confident about their business recovery<\/li>\n\n\n\n<li class=\"wp-block-list-item\">However the sustained economic hit from the pandemic has left a quarter (24%) unsure if they\u2019ll be trading next year, despite the gradual reopenings<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Covid-19 is set to cost SME owners over \u00a3126.6bn in lost earnings in total<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Half (48%) still live in fear of future lockdowns and the consequences it could have on their business<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The UK\u2019s rapid rollout of Covid-19 vaccines has boosted SME confidence up and down the country, yet a quarter are still concerned they won\u2019t survive past 2021, new research reveals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recent survey by leading SME insurer Simply Business reveals that 65% of small business owners believe the successful vaccine rollout is making them feel more confident about the recovery of their business. The findings come as the easing of lockdown restrictions gets underway, which saw thousands of English businesses reopen their doors on April 12th and many more eagerly awaiting to open on May 17th.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The significance of this confidence boost is material given small businesses account for 99% of all businesses and generate a combined \u00a32 trillion in turnover annually. It\u2019s vital for the UK\u2019s economic recovery that small businesses survive and thrive, but with multiple lockdowns over the past year, it\u2019s clear the SME community is likely to feel the economic effects of the pandemic for some time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The sustained economic hit from the pandemic, which is set to cost SME owners over \u00a3126.6bn in total, has left a quarter (24%) unsure about whether they\u2019ll be trading next year, despite the recent reopenings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One in five (21%) also worry they will have to permanently close their business in 2022 or later, and half (48%) still live in fear of future lockdowns given the consequences it could have on their business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Optimism in life after lockdown<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the toll the pandemic has taken on small businesses, there remains hope. A quarter (25%) believe they will return to pre-pandemic levels by spring or summer 2022. Well over a tenth (14%) think faster, and predict they\u2019ll be back to normal trading levels by the end of this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, a third (35%) of SME owners overall feel optimistic about the future. While businesses have been closed or running at reduced capacity, business owners have been able to use the past year positively. Well over half (56%) have also been able to spend more time with family where possible, one in three (32%) have been able to rest, and a further third (29%) have been able to focus on themselves, as small business owners reset ahead of reopening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, almost one in five (17%) have learnt new skills, and one in 10 (11%) have been able to adopt new digital technologies into their business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alan Thomas, UK CEO at Simply Business, comments:<\/strong>&nbsp;<em>\u201cThe level of confidence the vaccine rollout has instilled in small business owners is encouraging, especially after such a tough year for trading. But it\u2019s clear SMEs will be feeling the effects of the pandemic for some time. Over a year on, and despite some restrictions beginning to ease, it\u2019s telling that half of small business owners still live in fear of future lockdowns and the fatal consequences it could have on their business.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cSmall businesses are the lifeblood of our economy and will be at the heart of our collective recovery. Behind every small business is a small business owner \u2013 with families, livelihoods and big dreams. The impact of the pandemic on so many of these individuals has been devastating, both financially and emotionally. So it\u2019s crucial we all continue to support the small businesses in our communities as they reopen.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply Business has launched a&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/general\/coronavirus-loans-for-small-businesses\/\" data-type=\"knowledge\" data-id=\"979\">Covid-19 support hub<\/a>, to help small businesses, landlords and the self-employed to quickly navigate uncertainty, and determine what financial support and schemes are available to them during the coronavirus pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.simplybusiness.co.uk\/support-checker\/\" data-type=\"page\" data-id=\"411\">The financial support checker tool<\/a>&nbsp;from Simply Business is free to use and takes SME owners just a few minutes to complete &#8211; pointing them towards relevant government financial support they might be entitled to.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">-Ends-<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Methodology:<br>Data: Survey of 1,206 small business owners from across the UK, conducted March 2021, after the government had announced its roadmap out of lockdown (February 2021).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How did we calculate the \u00a3126.6 billion figure?<br>94% of SMEs surveyed say Covid-19 will affect them financially<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We asked small businesses how much they estimate the coronavirus pandemic will cost them in total, including lost earnings, jobs and revenue. The weighted average of this cost is \u00a322,461<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">94% of the total no. of SMEs in the UK (6 million), multiplied by average projected total cost (\u00a322,461) = \u00a3126,680,040,000.<\/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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confidence but a quarter don&#8217;t expect to survive past 2021 Vaccine rollout raises small business confidence but a quarter don&#8217;t expect to survive past 2021 The UK\u2019s rapid rollout of Covid-19 vaccines has boosted SME confidence up and down the country, yet a quarter are still concerned they won\u2019t survive [&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-219","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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