According to the Federation of Small Businesses, a record number of small firms 'could close' within the next 12 months.
Without further government help to cope with the effects of the pandemic, more than a quarter of a million businesses could be lost, it said.
FSB Chairman Mike Cherry said: "The development of business support measures has not kept pace with intensifying restrictions."
"As a result, we risk losing hundreds of thousands of great, ultimately viable small businesses this year, at huge cost to local communities and individual livelihoods."
READ MORE: https://www.bbc.co.uk/news/business-55612865
ExcludedUK a non profit grassroots NGO founded to provide a platform for those denied fair and adequate financial support from the Governments COVID-19 Support schemes since the pandemic began in March. With a community of over 60,000 members across all industries, age groups and regions, we estimate that three million UK tax payers have been excluded from the same support as others, which has lead to thousands of people losing their livelihoods, careers, and homes, and sadly, for some, their lives.
ExcludedUK has been fundraising to provide urgent help and support for those affected in the forms of business and career advice, debt support and 121 counselling sessions within 48 hours. Please find more information on our website www.excludeduk.org.