To ask Her Majesty's Government what assessment they have made of the survey by Nerdwallet on business managers and mental health, published on 24 March; and what steps they are taking to ensure that entrepreneurs have access to mental health support.
28 April 2021
The Government recognises the significant impact that the Coronavirus (COVID-19) pandemic has had on both employers and employees, and their mental wellbeing.
In order to highlight available support around mental health for business figures including entrepreneurs, the Government is signposting to resources for businesses and employers, including Mind’s website and the Mental Health at Work toolkit, through GOV.UK. We also continue to work with the Thriving at Work Leadership Council to encourage employers to sign up to the Mental Health at Work (MHAW) commitments and to engage leading Mental Health charities and organisations to better understand issues around SME mental health, financial insecurity for small business owners and the self-employed, and continue to explore what further support may be offered.
We also know how worried people are and we are taking many steps to protect both jobs and the long-term financial future of businesses during the current economic emergency. Throughout this crisis, our priority has been clear: to protect lives and livelihoods. We have introduced an unprecedented and comprehensive package of business support measures to help as many individuals and businesses as possible, which has mitigated some of the worst immediate impacts of COVID-19 on risk factors for poor mental health. This includes measures such as the small business grants, the Coronavirus loan guarantee schemes, the Coronavirus Job Retention Scheme (CJRS), the deferral of VAT and income tax payments, and more. Businesses can also access tailored advice through our Freephone Business Support Helpline, online via the Business Support website or through their local Growth Hubs in England. The Business Support Helpline continues to support business owners with tailored advice and information, and also signposts individuals to mental health support services where appropriate.