Few people have emerged from the coronavirus crisis unscathed. There are now 8.9 million workers who have been furloughed by their employers and millions more freelancers and small business owners whose income has been vastly reduced.
Rather than trying to soldier on until the crisis has passed, some entrepreneurs have used the economic shock caused by Covid-19 as an opportunity to revamp their businesses or start a new one.
A report published by the Federation of Small Businesses, a trade body, found that 8pc of small companies have launched new products during the pandemic while 5pc have expanded the services they offer.
Many more have started a new business entirely. Oliver Loveday, 39, was working as a freelancer in the travel industry and was left without any income when the country went into lockdown.
“I was doing Kilimanjaro walks, school trips, the Three Peaks,” he