About the project
A nationally representative survey looking at attitudes of returning to pre-COVID working environments in July 2020
Covid-19 has presented a truly unforgiving blow to the current generation of UK SMEs, superseding any reasonable measure of risk/disaster management imaginable. With many Founders treading water in Rishi Sunak’s bail-out vacuum, the eventual fallout is yet unknown. In the interim however, a seismic shift in operational and cultural norms whilst we navigate and surpass COVID-19 is emerging, transforming the workplace well beyond the immediate implications of the virus. Among the businesses still operating, an average of 21 per cent of the workforce has been furloughed and one quarter of companies in the UK have temporarily closed because of the Coronavirus lockdown, the majority of those still operating have reported a drastic reduction in turnover. According to the Office for National Statistics in a poll of 5,300 businesses, 0.4 per cent of said they had ceased trading, with more than 40 per cent of the businesses that continued trading stating they were reducing staff levels and working hours.