SMEs are the backbone of the UK economy, accounting for three fifths of employment and around half of turnover in the UK private sector. According to the Federation of Small Businesses (FSB), 17% of SMEs in the country are at risk of going out of business in the next four years.

The widespread disruption caused by the pandemic only underlined the importance of working efficiently to keep the wheels turning, but when payments are put on hold and the money begins to run dry, how are small businesses in particular expected to stay afloat?