Opinion

April 2, 2020

What will it take to save the UK’s startups and scaleups?

The UK government urgently needs to support startups and scaleups, to protect jobs now — and in the future.


Sam Dumitriu

5 min read

Rishi Sunak, the UK Chancellor, has rightly won praise from across the political spectrum for his bold interventions to protect incomes, jobs and businesses through the lockdown. But history will be the real judge. Sunak will need to prevent a recession becoming a depression. As the measures are lifted and life returns to normal, victory will be a V-shaped recovery with economic activity rebounding to its pre-coronavirus peak in a matter of months. Preserving businesses and jobs will put us in the best possible position to bounce back quickly. Each lost job and failed business will mean a longer recovery, as entrepreneurs are forced to start again from scratch.

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Tania Boler, founder at Chiaro, the business behind the Elvie kegel trainer.
Tania Boler, founder and chief executive of Elvie.
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