Policy Briefing

COVID-19, business support and SME productivity in the UK

ERC policy briefing

Associated Themes
  • Business Growth
  • COVID-19
  • Management and Leadership

In this paper we consider how UK COVID-19 emergency public support measures – Furlough funding and loan guarantees – during the pandemic have influenced firms’ future investment intentions and
employee well-being. Both provide an early indication of potential effects on future productivity. Overall, we find widespread positive short-term impacts of the government support schemes on investment planning and smaller positive impacts on employee well-being.