700+ Reviews [Verified]
UK Small Business Startups and Funding UK Small Business Startups and Funding
  • Home
  • Assessment Tool
    • Funding Calculator
  • Startup Portal
    • Startup Portal
    • Startup Guide and Timeline
    • Business Plan Builder
    • Funding Database
    • Investor PitchDeck
    • The Extra Services
    • Get Access Now!
  • Resources
    • Business Advice
    • Business Planning
    • Funding & Financing
    • Tools & Resources
    • Q&A’s
  • Register Now
    • Become a Member
  • Home
  • Assessment Tool
    • Funding Calculator
  • Startup Portal
    • Startup Portal
    • Startup Guide and Timeline
    • Business Plan Builder
    • Funding Database
    • Investor PitchDeck
    • The Extra Services
    • Get Access Now!
  • Resources
    • Business Advice
    • Business Planning
    • Funding & Financing
    • Tools & Resources
    • Q&A’s
  • Register Now
    • Become a Member
Register Login

Join the Startup Portal

Blog

  • Home
  • Blog
  • Starting a small business during the COVID-19 Pandemic

Starting a small business during the COVID-19 Pandemic




474

SHARES

Category: Blog, Business Advice, Business Planning

Tags: Coronavirus (COVID19) and Small Business in the UK, Government Funding Programmes, small business startups

Recommended Next: How Much Does It Cost To Start A Small Business?

Starting outside of the UK in late 2019, the Coronavirus (COVID-19) quickly became a global pandemic. The pandemic caused social distancing, self isolation, business shut down and worldwide issues.

In the UK, millions were out of jobs due to social distancing and emergency measures to stop the spread of the virus, causing thousands of businesses to be shut down, for people to be out of jobs and the economy to fall into a tailspin.

Request More Information

Need funding for your small business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.

Request More Information

That being said, starting a small business during the COVID-19 pandemic shouldn’t be something to rule out.

Start, Plan and Fund Your Small Business with the Small Business Startup Portal. Click here for more details

Starting a small business during the COVID-19 Pandemic

Boy oh boy why would anyone want to start a small business in the UK during these tough times, you ask?

Well, as much as there are many negatives:

– Emergency measures remain in place
– Everything is still closed
– The British Pound is falling
– Borders are pretty much closed

…there are also many positives:

Those who are still active are profitable!

The certain businesses that are affected due to the mandatory closure are thinking outside the box to find new ways to make money.

  • Accountants and lawyers are offering their services via web and phone.
  • Restaurants are using delivery and take out options more and more.
  • Cleaning companies are sending in one person to do the work instead of a team.
  • Clothing retailers are selling online.

There are a number of options. While many businesses are still struggling, it is due to the shut-down and not to the effectiveness of the business.

This is something to consider and plan for.

Should you start a new business now?

UK Startups works with thousands of businesses each month and during this pandemic, these numbers are only increasing.

This tells us something good for the future of the UK and its economy.

More and more people are considering starting their businesses now due to losing jobs and income – they want to be their own boss and plan for the future on their own. In other words, they no longer want to rely on someone else to pay their bills as an employee. Moving forward, they want to be in control of how they handle adversity as a business owner instead of as an employee.

At the same time, existing business owners are taking their time now to improve their business – so that when it is time to re-open, they can prosper.

So should you start your business now?

Absolutely. 

Starting a business doesn’t mean going out and launching it right now mid-pandemic. It means preparing your business plan, working out the details, finding the funding you need and planning for better days to come.

This way, you are ready to jumpstart when the time comes.

The UK Government

The UK government has supported its citizens through this time quite well.  

They have implemented several new funding programmes (loans, grants, rebates and more) to help SME’s survive some of the losses associated with COVID-19.

In addition to that, the many small businesses with employees and wages to pay can also benefit from the 80% wage subsidy scheme.

With that in mind, the UK economy after the pandemic will have to rebound.

To do that, small businesses across the UK will help the economy grow – that means good things for you starting or expanding your business.

All that means is that there will be more and more government funding available. This includes government grant schemes, government loan programmes and tax break or tax credit rebates.

Now is the time to take advantage of social distancing and this extra time at home to develop your business plan. This is the first thing you will need to ensure you can apply for funding programmes as they become available.

In addition to the hundreds of existing funding programmes available through the UK government now, we will see new programs become available left, right and centre to help boost the economy back to normal.

This is your time to start your small business in the UK – or at the very least prepare for it.

What are you going to do about it? 

Did you know that you may be able to get funding for your small business? Click here for more details

You may also like

  • 8 Small Business Startup Mistakes
    8 Small Business Startup Mistakes You MUST Avoid
    2 November, 2022
  • 11 Steps To Start a Business With NO MONEY
    11 steps to start a business with no money
    13 July, 2021
  • UK Small Business Funding Course
    UK Small Business Funding Course
    20 August, 2020


SEARCHES RELATED TO CORONAVIRUS (COVID19) AND SMALL BUSINESS IN THE UK

Coronavirus (COVID19) and Small Business in the UK
Government Funding Programmes
small business startups

Ask Experts
Need funding for your business?
Learn how you can get funding for your small business in the UK. It takes 30 seconds.

Membership to the Portal

Recommended

CBILS: Coronavirus Business Interruption Loan Scheme
25Mar2020


This Budget 2020, the Chancellor has introduced a...

Most Popular

CBILS: Coronavirus Business Interruption Loan Scheme
25Mar2020
Private Investors as a Funding Source Guide
05May2020

Don’t miss a thing!

Stay up-to-date with weekly recaps of news and tips for UK Startups.

Testimonials

2018 Government Funding
2018 Government Funding Success Story Interview
Leeds, England

"A business plan is the key to a successful business as well as the way to get government funding" - Read my story

Cambridge Tech Company Gets Funding
Interview with a £65,485 Government Grant Recipient from Cambridge
Cambridge, East England

"Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency" - Read my story

cleaning company monitoring technology
£17,500 Small Business Loan for Birmingham Startup
Birmingham, West Midlands

"If you have a business idea, don't wait - get your business plan made, ask for help and start your funding search early!" - Read my story

government grant for cleaning business in Bangor, Wales
£30,250 Government Grant Helped Me Start My Business
Bangor, Wales
"We were denied funding and we could have given up so many times. But we didn't. The important part is not to give up and keep gong. Get a support team to help you" - Read my story
Toronto Retailer Gets Government Loan
£470,000 Low Interest Government Loan For City of London Retailer
City of London, England
"Banks said no to due to my poor credit and business inexperience, but the government funding programme had a different reaction to my well developed business plan" - Read my story
doggy day care
£21,315 Government Provided Loan For Doggy Day Care Business
Nottingham, East Midlands
"No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
Birmingham business starts up with government grant
Birmingham, West Midlands Small Business Starts Up With £75,000 Government Grant
Birmingham, West Midlands
"If you believe in your business don't let anybody stand in the way. True passion will get you far, but knowing that the government can help you get funded helps a lot." - Read my story
Bristol Government Grant Recipient
Interview with a £132,000 Government Grant Recipient from Bristol, South West
Bristol, South West
"Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story

Latest

8 Small Business Startup Mistakes
8 Small Business Startup Mistakes You MUST Avoid
02Nov2022
11 Steps To Start a Business With NO MONEY
11 steps to start a business with no money
13Jul2021
UK Small Business Funding Course
UK Small Business Funding Course
20Aug2020

Search Articles

Categories

  • Blog
  • Business Advice
  • Business List
  • Business Planning
  • Business Type
  • Centre
  • England
  • Free Downloads
  • Funding & Financing
  • Locations
  • News
  • Northern Ireland
  • Q&A's
  • Recommended Reads
  • Sam's Corner
  • Scotland
  • Tools & Resources
  • Uncategorized
  • Wales
  • Government funding for a pet care business
  • Business Plan for Artificial Plant Supplier
  • Government funding for a sauce and ketchup business
  • Government funding for a bitcoin broker
  • Government funding for a diabetic food manufacturer
Need funding for your business?
Learn how you can get funding for your small business in the UK. It takes 30 seconds.

Membership to the Portal

Recommended

CBILS: Coronavirus Business Interruption Loan Scheme
25Mar2020


This Budget 2020, the Chancellor has introduced a...

Most Popular

Private Investors as a Funding Source Guide
05May2020
CBILS: Coronavirus Business Interruption Loan Scheme
25Mar2020

Don’t miss a thing!

Stay up-to-date with weekly recaps of news and tips for UK Startups.

Testimonials

2018 Government Funding
2018 Government Funding Success Story Interview
Leeds, England

"A business plan is the key to a successful business as well as the way to get government funding" - Read my story

Cambridge Tech Company Gets Funding
Interview with a £65,485 Government Grant Recipient from Cambridge
Cambridge, East England

"Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency" - Read my story

cleaning company monitoring technology
£17,500 Small Business Loan for Birmingham Startup
Birmingham, West Midlands

"If you have a business idea, don't wait - get your business plan made, ask for help and start your funding search early!" - Read my story

government grant for cleaning business in Bangor, Wales
£30,250 Government Grant Helped Me Start My Business
Bangor, Wales
"We were denied funding and we could have given up so many times. But we didn't. The important part is not to give up and keep gong. Get a support team to help you" - Read my story
Toronto Retailer Gets Government Loan
£470,000 Low Interest Government Loan For City of London Retailer
City of London, England
"Banks said no to due to my poor credit and business inexperience, but the government funding programme had a different reaction to my well developed business plan" - Read my story
doggy day care
£21,315 Government Provided Loan For Doggy Day Care Business
Nottingham, East Midlands
"No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
Birmingham business starts up with government grant
Birmingham, West Midlands Small Business Starts Up With £75,000 Government Grant
Birmingham, West Midlands
"If you believe in your business don't let anybody stand in the way. True passion will get you far, but knowing that the government can help you get funded helps a lot." - Read my story
Bristol Government Grant Recipient
Interview with a £132,000 Government Grant Recipient from Bristol, South West
Bristol, South West
"Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story

Latest

8 Small Business Startup Mistakes
8 Small Business Startup Mistakes You MUST Avoid
02Nov2022
11 Steps To Start a Business With NO MONEY
11 steps to start a business with no money
13Jul2021
UK Small Business Funding Course
UK Small Business Funding Course
20Aug2020

Search Articles

Categories

  • Blog
  • Business Advice
  • Business List
  • Business Planning
  • Business Type
  • Centre
  • England
  • Free Downloads
  • Funding & Financing
  • Locations
  • News
  • Northern Ireland
  • Q&A's
  • Recommended Reads
  • Sam's Corner
  • Scotland
  • Tools & Resources
  • Uncategorized
  • Wales
UKStartups

020 3880 8554

Contact Us

UKStartups.org

  • About UKStartups
  • Why Choose Us?
  • Customer Reviews
  • Success Stories
  • Register Now

Business Resources

  • Startup Assessment Tool
  • Entrepreneur Test
  • Business Resources
  • Startup Portal
  • Startup Tools

Startup Database

  • Database Walkthrough
  • Startup Guide and Timeline
  • Business Plan Builder
  • Investor PitchDeck
  • Funding Database

Contact Us

  • Contact Us
  • Consulting Services
  • FAQs
  • Members Login
  • Our Centres

© 2021 - UKStartups.org - Helping small business owners and entrepreneurs startup. Privacy Policy