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Saturday, October 11, 2025
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57% of Scottish SMEs Not Confident About Chances of Surviving the Next 2 Years

New data from Klarna, the leading global retail bank, payments, and shopping service, has revealed that over half (57%) of SMEs in Scotland are not confident about the future of their business over the coming 24 months.

The findings come from Klarna-commissioned research, surveying over 500 senior managers at SMEs. The research looked at specific issues SME leaders have faced during the COVID-19 pandemic. Worryingly, it found that 56% of businesses have said their goal for the following 6 months is simply to survive.

Scottish businesses have been hit particularly hard by the pandemic, with 69% of SMEs stating COVID-19 led to a longer term negative impact on their business. At some point, 41% of Scottish SMEs did not believe they would survive. Although signs of recovery emerge, returning to pre-pandemic growth levels will be challenging. So far, 84% of Scottish SMEs do not believe that their business has fully recovered from the impacts of 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 the 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: https://www.klarna.com/uk/business/small-business-support-package

Applications are open until 8th September.

To attend the Accelerator Program, head to: https://www.klarna.com/uk/business/small-business-accelerator-programme/

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