Impact of COVID-19 on Small and Medium Sized Enterprises in the UK

Alternative project on
enterpreneurship

Table of Contents
Project Title: “To investigate the response of small and medium sized enterprises to COVID-19
disruption: implications for the United Kingdom (UK)”.................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
PROBLEM STATEMENT..............................................................................................................1
LITERATURE REVIW...................................................................................................................1
To identify what are the positive immediate responses for SMEs should be, in order for them
to recover from COVID-19 in the United Kingdom, thus to be able to ensure stable business
continuity................................................................................................................................1
To highlight the present business decision-making that SMEs are undertaking and to identify
the major challenges being faced by SMEs in the UK...........................................................1
To analyse the threats posed by the market external environment; and also, potential
opportunities for SMEs that are suitably placed and prepared. The effectiveness of National
Schemes and policy interventions to support SMEs are also considered in order to sustain
SMEs......................................................................................................................................1
DATA ANALYSIS..........................................................................................................................1
RECOMMENDATIONS.................................................................................................................1
LIMITATIONS................................................................................................................................1
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

Project Title: “To investigate the response of small and medium sized
enterprises to COVID-19 disruption: implication for the United Kingdom
(UK)”.
INTRODUCTION
Small and Medium size enterprises are considered as the life line of UK economy as well as
develop effectual outlook in above 60 countries. Moreover, the pandemic affect can cause for the
loss of life as well as severe individuals suffering impacts. Additionally, the SME sector faced
high level impact upon United Kingdom economy that are associated with transmission channel,
suppliers, monetary markets and many more. In addition to this, these factors are related with
firm and obtain high level effectiveness to perform efficiently and formulated various strategies
for overcoming from the challenges into several perspectives. This investigation involves the
research report on COVID-19 and their impacts of SMEs. Also, this would represent “to
investigate the response of small and medium sized enterprises to COVID-19 disruption:
implication for the United Kingdom (UK)”.
MAIN BODY
PROBLEM STATEMENT
Small and Medium sized Enterprises (SMEs) develops a crucial sector within UK. Moreover,
they are strategically essential players for facilitating employment, economic stability and export
development. Though, they may also be vulnerable for exogenous shocks. Additionally, the
affects of COVID-19 was hugely unexpected through business sector it is proving to be a
challenge for continuity as well as survival within businesses into SME industry.
Research Aim:
“To investigate the response of small and medium sized enterprises to COVID-19
disruption: implication for the United Kingdom (UK)”.
Research Objectives:
 To identify the different positive immediate responses for SMEs to recover from COVID-
19 in the United Kingdom.
 To highlight the present business decision-making that SMEs are undertaking and to
identify the major challenges being faced by SMEs in the UK.
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 To analyse the threats posed by the market external environment; and also, potential
opportunities for SMEs that are suitably placed and prepared.
 The recommend effectiveness of National Schemes and policy interventions to support
SMEs are also considered in order to sustain SMEs.
Research Questions
 What are the different positive immediate responses for SMEs to recover from COVID-
19 in the United Kingdom?
 What is the present business decision-making that SMEs are undertaking and to identify
the major challenges being faced by SMEs in the UK?
 What are the threats posed by the market external environment; and also, potential
opportunities for SMEs that are suitably placed and prepared?
 What is the effectiveness of National Schemes and policy interventions to support SMEs
are also considered in order to sustain SMEs?
Rationale of Research
One of the key reasons to perform respective research is to investigate the response of small and
medium sized enterprises to COVID-19 disruption: implication for the United Kingdom (UK).
Additionally, this would also assists researcher into both context of professional and personal. In
respect to professional aspects, this obtains acknowledgement about the opportunities which
SMEs has to tackle difficulties that rise because of COVID-19 in UK. In respect to personal
aspect, this assists to learn as well as develop skills like data collection, data analysis, time
management and others. However, this would help researcher to perform further investigation
effectually and obtain the opportunities as well.
LITERATURE REVIW
To identify the different positive immediate responses for SMEs should be, in order for them to
recover from COVID-19 in the United Kingdom, thus to be able to ensure stable business
continuity.
According Sharma (2021), the outbreak of the COVID 19 has directly lead to impacting the
performance and profitability of the small business around the UK (UK small and medium-size
enterprises: Impact of the COVID-19 crisis, 2021). The small and medium size business are
considered to be the major contributor in the growth and development of the economy, they are
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