SME's face reopening bill

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Small businesses face £22k reopening billA report from Nucleus Commercial Finance suggests small business owners are spending an average of almost £22,000 to reopen following the coronavirus lockdown, with implementing new health and safety measures and reconfiguring office space the biggest costs. For medium-sized firms, investing in new technology and introducing contactless payment systems were the biggest issues. The study found that a fifth of SMEs have used savings to cover the costs of coming out of the economic shutdown. Chirag Shah, CEO of Nucleus Commercial Finance, said: “Those businesses that are able to reopen in some capacity now face significant costs to ensure they can operate safely.”

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