There are two clear issues dominating the outlook for UK business in 2020 – the COVID-19 pandemic and Brexit. But we’ve found that far from being cowed by the challenge, entrepreneurs are looking for new ways to thrive as the ground shifts.
When asked about the impact of COVID-19 on their businesses’ long-term outlooks, 30% of our entrepreneurs said that it had in fact had a positive effect, with a further 26% saying it had not impacted their outlook. With regards to Brexit, 41% of respondents said it made no difference to their outlook, while 29% said it made them more optimistic.
But what we have found is that entrepreneurs can’t do it alone. They’re looking for support, encouragement and ideas from their peers, transitional support from government to help them seize new opportunities, and advice from their bank to help them make the best decisions.
At Coutts, we’re uniquely positioned to provide the support they need. We have a network of entrepreneur clients ready to help with advice and investment if needed, and experienced advisers to point the way through the challenges of 2020 and beyond. We continue to be the natural home for the UK’s most prominent entrepreneurs, as we’ve been for over three hundred years.