Small businesses looking at average costs of £22,000 to reopen
Small businesses looking at average costs of £22,000 to reopen Small and medium-sized businesses which had to completely shut down now face an average cost of £22,000 to reopen following the lockdown. Research figures fromNucleus Commercial Financefound that SMEs that were forced to shut due to the pandemic are spending £21,830 on average to reopen fully. It found that 21% of business owners have been using their personal savings to cover costs instead of taking advantage of business loans or grants to finance their reopening....