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Eighty-two percent of UK businesses took COVID-19 financial hit
Eighty-two percent of UK SMEs have taken a financial hit due to the COVID-19 pandemic . Since the beginning of the pandemic , on average UK SMEs have lost just under £ 192,000 in revenue . With 13 % losing £ 500,000 or more , according to new data from freelance platform , Fiverr .
The study , which surveyed over 1,000 UK owners and senior DMs in SMEs , reveals the Architecture , Engineering and Building industry suffered severely during the pandemic – £ 316,892 of revenue on average was lost . The data also reveals that Greater London is the region that lost the most money because of COVID .
Thirty percent of SME leaders surveyed say that they were negatively impacted by the pandemic but over half ( 52 %) feel that the UK Government handled the Coronavirus pandemic well , while 29 % felt the Government handled the pandemic badly .
Despite the challenges brought by COVID-19 , it has not stopped the growth of UK SMEs – 42 % have started selling to new regions .
Stress-free funding round for wellbeing tech firm
Thrive Therapeutic Software has closed its latest round of funding in a record 10 days , raising a total of £ 2.5 million in funding and signifying one of the fastest investments of its kind for a UK company in the digital health sector .
Thrive is the only wellbeing app for the workplace to be approved by the NHS and provides whole-person solutions for workplaces and individuals . These help them overcome periods of stress and help them care for their longterm mental health , through clinical-grade evidence-based techniques and providing in-app access to trained therapists .
As a social impact company , Thrive ’ s overarching aim is to help people live happier and less stressful lives ; supporting them through depression , stress , anxiety or phobias , and helping them improve their wellbeing at all levels .
This latest round of funding , which was oversubscribed at its close , attracted investment from similar socially conscious firms including Sumerian Foundation and its longstanding supporters , Treebeard Trust .
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Digitally-led orthodontic chain , Impress , raises US $ 50 million Series A round |
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Spain ’ s Impress , a new generation of leading orthodontic chains in Europe , has raised a US $ 50 million Series A round . This marks the biggest Series A round in Southern Europe . |
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The funding will be put towards further international expansion across Europe and where Impress already has a presence : Spain , Italy , Portugal , UK and France . The investment will further accelerate the digitalisation of the orthodontic experience , with the ultimate goal of creating a fullyfledged doctor-led platform that consistently delivers high quality treatment and customer satisfaction . |
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Impress has reinvented the new generation of orthodontic chains model by offering first-in-class medical treatments directly to consumers . Before Impress , consumers could only access cosmetic teeth alignment treatments or expensive orthodontic medical treatments in conventional clinics . Impress is leading in this new space by offering medically complex treatments at affordable prices to patients and by digitalising the whole process . |
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