Tag Archives: SMEs

Access to Cash: Costs to Consumers and SMEs of a Loss of Access to In-person Cash and Banking Services

Sector:Consumer markets and protection.
Client:Financial Conduct Authority
Published: 6 February, 2024

London Economics led this study for the FCA to estimate the costs to consumers and SMEs from loss of access to cash and in-person banking services. The research explored how consumers and SMEs currently use these services and how they would behave if they lost access to these services. It identified that access to these […]

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How Can Governments Best Support Businesses During Times of Crisis? An Evaluation of the Covid-19 Loan Guarantee Schemes, Led by London Economics, Addresses This Question

Sector:Public Policy.
Client:British Business Bank
Published: 28 November, 2023

In March 2020, in response to the massive disruption caused to businesses by the Covid-19 pandemic, the government rapidly deployed £78bn of finance to business through the Bounce Back Loan Scheme (BBLS), the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The second of three phases of the […]

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Energy Prices and Inflation – Businesses’ Perspective

Sector:Regulatory economics.
Client:N/A
Published: 14 February, 2023

Jack Booth at London Economics explores businesses’ perspectives on energy prices and inflation in 2022 and early 2023. Key findings for the February 2022-February 2023 period[1] Micro SMEs were least concerned about both energy prices and inflation. Small SMEs were most concerned about energy prices. Medium-sized SMEs and large enterprises were (roughly) equally concerned about […]

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SMEs in the COVID-19 Recovery: Which SMEs Faced Most Pressing Challenges?

Sector:Finance.
Client:Internal document
Published: 7 December, 2022

SME & Entrepreneurship Working Paper No. 1 Technical Annex Since the beginning of the COVID-19 pandemic and into 2021, SMEs have experienced challenging economic circumstances due to lockdowns and social distancing measures, supply chain constraints, and a tight labour market. This paper investigates the relative importance of various problems that SMEs have faced in the […]

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2021/2022 Annual Report on European SMEs – June 2022

Sector:Entrepreneurship & SMEs.
Client:EC DG EASME / EC DG GROWTH
Published: June, 2022

Report prepared by LE Europe, London Economics’ subsidiary, was published by the European Commission. This report reviews how EU-27 SMEs fared in 2020 and 2021, and how they are likely to perform in 2022. In addition, after an extensive discussion of the state of digitalisation of SMEs in last year’s SME Annual Report, this year […]

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Evaluation of the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and Coronavirus Large Business Interruption Loan Scheme – June 2022

Sector:Finance.
Client:British Business Bank
Published: 14 June, 2022

In March 2020, in response to the global pandemic and corresponding wide-ranging business impacts and uncertainty, the government rapidly designed and deployed a series of three loan-guarantee schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS). These aimed to support smaller […]

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Evaluation of the Research and Development Tax Relief for Small and Medium-sized Enterprises – November 2020

Sector:Finance.
Client:HM Revenue & Customs
Published: 17 November, 2020

The independent evaluation of the SME R&D tax relief scheme addressed the requirements of the evaluation plan set out in the European Commission (EC)’s decision letter and the common methodology designed by the EC for State Aid evaluations. More specifically, the evaluation had three main objectives: Assessing the direct impacts of the scheme, measured by […]

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