Over 200 jobs saved so far this year through small business restructuring process 

13 companies began the SCARP process between January and June this year 

The Small Company Administrative Rescue Process (SCARP) was introduced in 2021 to help small and micro companies restructure their debt so they can keep trading. 

New research into the Small Company Administrative Rescue Process (SCARP) scheme has shown that 206 jobs have been saved so far this year as the number of businesses starting the process drops significantly.

The SCARP scheme was first introduced in late 2021 to help small and micro companies who are still viable, yet insolvent, restructure their debts, avoid liquidation and ensure creditors get a better outcome rather than the company being wound down.