Business
How the UK government is supporting small businesses
Published by Gbaf News
Posted on March 24, 2020
3 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Gbaf News
Posted on March 24, 2020
3 min readLast updated: January 21, 2026
By Richard Pepler, CEO Optimum Finance
“UK Plc is facing a challenge like never before and the issues we now face are not just about caring for our nearest and dearest and deciding when to self-isolate but about how to cover our personal and professional outgoings as we enter a period of exceptional uncertainty.
Yesterday’s daily briefing focused on the impact on the economy and the Government’s response, to summarise here’s what you need to know if you’re one of the 5.9 million SMEs in UK:
I have worked with business owners my whole career and have worked through may different challenging times as a business owner myself but I have never experienced anything of this nature. What I do know is that the business community needs decisive action, clarity and strong direction to overcome what we now face.
I hope the Government will go further in its steps and support people with clear and prompt guidance on accessing measures. There is still some way to go with business support in my view as the current action plan still means many SMEs will fall through the cracks without stronger and more flexible funding.
We’re doing our bit and are extending our funding lines to help businesses which need immediate support – everything we do can be done remotely and we are the only business in our sector with a complete digital solution.
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