iwoca

Alongside iwoca, we’re developing the UK’s first ever mental health support programme designed specifically for small business owners.

According to a survey by the Corporate Finance Network, 71% of their members’ SME clients felt ‘more stressed and anxious than usual’, with 14% ‘unable to cope’. Although the mental health strains on SME owners have been exacerbated by the uncertainty caused by the crisis, their worries predate it. Even before the pandemic, more than six in ten SME leaders reported that cash flow concerns kept them awake at night.

Working with iwoca, we’ll develop the UK’s first mental health support programme designed specifically for SME owners. 

Together, we’ve launched a piece of research aiming to find out the specific issues that iwoca’s small business customers face, with the goal of offering pragmatic support that accommodates their busy lives. We anticipate that delivery will follow our own proven ‘pyramid’ model ranging from practical tools available to everyone, through to personal attention where needed.

  • Research

  • Raising awareness

  • Mental health training

small businesses at the start of 2020

of UKs businesses population made up of SMEs

SMEs account for half the turnover in the private sector

people employed by an SME

Running a business is tough at the best of times; now the crisis has brought even more stress and pressure to many business owners. So there’s a growing need to help business owners look after their mental wellbeing, and we care about helping them to do that.

It was very important for us to form this partnership with Mental Health UK so that we can develop the UK’s first ever mental health support programme designed specifically for SME owners. We’re doing research to help us get a deep understanding of what their needs are, and then we’ll develop really tailored support that will bring real benefit to business owners.

Seema Desai,
COO of iwoca

Partner with us

Our partnerships team are on hand to help you through your journey. Call 0207 840 3008 or email partnerships@mentalhealth-uk.org today.