Publication

State of Small Business Britain 2020

Published: 21 December 2020

The State of Small Business Britain report is the Enterprise Research Centre’s annual review of trends affecting small and mediumsized enterprises (SMEs) in the UK. The review discusses the findings from ERC research and analysis carried out and/or published in 2020, including the first results from our new Business Futures Survey from 2020q4

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The State of Small Business Britain report is the Enterprise Research Centre’s annual review of trends affecting small and medium-sized enterprises (SMEs) in the UK. The review discusses the findings from ERC research and analysis carried out and/or published in 2020, including the first results from our new Business Futures Survey.

The COVID-19 pandemic dominated the agenda in 2020 and had huge implications for entrepreneurs and SMEs. Many businesses had to respond quickly to the various restrictions necessary to manage the pandemic, and then deal with the (often considerable) economic costs that followed. This review sets out the range of ways in which UK SMEs have been impacted by the COVID-19 crisis and how they have responded to it. It also considers the challenges that need to be addressed by policymakers going forward into 2021 and beyond.

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