{"id":7775,"date":"2020-07-13T06:30:49","date_gmt":"2020-07-13T05:30:49","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=7775"},"modified":"2026-01-29T10:13:18","modified_gmt":"2026-01-29T10:13:18","slug":"survival-resilience-growth-report","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/survival-resilience-growth-report\/","title":{"rendered":"Survival, resilience and growth: A report on the UK\u2019s economic recovery"},"content":{"rendered":"
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\n\t\t\t\t\t\tSurvival, resilience and growth: A report on the UK\u2019s economic recovery\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tStacey McIntosh<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

As lockdown restrictions around the UK are easing, businesses are taking steps on the road to recovery. The coronavirus<\/a> (COVID-19) pandemic has impacted companies of all sectors and sizes, so the chance to revive operations and look to the future is a welcome shift for millions of small and medium-sized enterprises (SMEs).<\/p>\n\n\n\n

While many businesses haven\u2019t been able to function as normal due to the pandemic, and tough decisions have been made, that hasn\u2019t stopped them from adapting.<\/p>\n\n\n\n

From finding new markets to pivoting and offering new products and services, businesses have sought to find fresh opportunities to reach customers and keep moving.<\/p>\n\n\n\n

But what does the future look like for SMEs in the UK? What challenges will they face and what steps will they take to overcome them?<\/p>\n\n\n\n

These questions and more are answered in a new research report by Sage \u2013 Survival, resilience and growth: Placing small businesses at the heart of the UK\u2019s economic recovery<\/strong>.<\/p>\n\n\n\n

We surveyed a diverse range of decision makers at 2,000 SMEs around the UK to find out what survival, resilience, recovery and growth will look like for businesses in the coming 12 months.<\/p>\n\n\n\n

Stories of resilience<\/h2>\n\n\n\n

In the report, business owners share their stories of resilience as their companies have adapted to the impact of coronavirus.<\/p>\n\n\n\n

Jennifer Walker is the owner of the Split Screen Coffee Company<\/a>. She had to mothball her business as a result of the pandemic \u2013 but things took a turn for the better.<\/p>\n\n\n\n

She says: \u201cAfter reading about the cancelling of all my events [in a Sage Advice article<\/a>] the owner of my local zero-waste\/craft beer shop kindly asked if I would like to team up and provide coffee out of their high-street premises, meaning I could operate again \u2013 effectively saving my business.\u201d<\/p>\n\n\n\n

Derrick Rowe is the owner of DPR Motorsport<\/a>. While his business also had to mothball their operation<\/a> and utilise government support<\/a>, business planning was high up the agenda. As was looking for new opportunities.<\/p>\n\n\n\n

He says: \u201cWe have formed some significant new partner business relationships as a result of the changes caused by lockdown. For example, we have significantly stepped up our involvement in virtual motorsport.\u201d<\/p>\n\n\n\n

Meanwhile, Walker has seen positivity throughout her local community.<\/p>\n\n\n\n

She says: \u201cThroughout lockdown, my village came together in a way I had never seen before. I believe it is in this new sense of community where the solution lies.\u201d<\/p>\n\n\n\n

Key takeaways from the report<\/h2>\n\n\n\n

We\u2019ve summarised some of the report\u2019s key takeaways below, notably the fact that:<\/p>\n\n\n\n