Business owners reported an 11% rise in trading this month, however are continuing to report on the struggle to find suitable financial backing now that government-backed loans are winding down.
Small business owners have witnessed an 11% jump in trading over the past month, however they are struggling to find suitable financial backing from outlets now that government-backed loans are winding down, according to a survey from ACCA UK.
The study, which was also conducted by The Corporate Finance Network (CFN), found that 100% of respondents believe that their businesses will return to pre- Covid levels of productivity and turnover within two years.
A further 57% said they would achieve this goal within 12 months.
Source: https://www.accountancytoday.co.uk/2021/08/26/small-businesses-see-rise-in-trading-but-lag-in-financial-support/
