Insight: Two in five SME business leaders in the Capital experience mental health impact from pandemic—Klarna

LONDON, UK — New data from Klarna, the leading global retail bank, payments, and shopping service, has revealed 47% of SME leaders in London have yet to recover from the pandemic.

With small businesses having to close their doors to customers due to national lockdowns, the research found that 41% of SME decision-makers in the Capital felt a negative impact on their mental health throughout this time. Business leaders cited supply chain issues, a lack of sales, and the combined impact of the pandemic and Brexit weighing heavily on them during the pandemic.

The nationwide survey of over 500 UK SME leaders revealed that 1 in 5 SME business leaders (18%) in London are feeling pessimistic about the future of their business over the next 2 years. Such was the strain of the pandemic, 41% of SME leaders in London said that they thought their business would not be able to survive the pandemic.


Klarna has recently launched a new £3m Small Business Support Package and Accelerator Programme to help UK SMEs recover from the pandemic. The package will help 100 retail SMEs get back on their feet, with a ten-part accelerator programme alongside to help any UK SME receive access to tips and guidance to help grow their business.

To apply for the fund, please head to: business-support-package

Applications are open until 8th September.

To attend the Accelerator Program, head to: business-accelerator-programme/


Partner with adobo Magazine

Related Articles

Leave a Reply

Back to top button