Growth firms in trouble

Entrepreneurs ‘running out of cash’ due to Covid

Business school has an ongoing survey (pic: Terry Murden)

Most of Britain’s entrepreneurs are running out of cash and many have been forded to halt strategic investment, according to a survey.

University of Edinburgh Business School found that COVID-19 has caused significant losses for more than half of the country’s most growth-orientated companies.

The survey analysed responses from 565 entrepreneurial businesses representing 6% of all UK businesses but playing a greater role in the UK’s economic growth. They create 50% of all new jobs and a high proportion of the country’s export and productivity growth.

The Business School’s research revealed that 68% of these entrepreneurs have cashflow concerns, up from 25% before the COVID-19 crisis.

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