Survey Results Week 4 – May 4 – 18
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We collated data from 899 interaction with members around the effect Coronavirus has had on their business.
- Over 70% of respondents identified as Micro Businesses (between 1 and 10 staff)
- 75% of those surveyed operate in Shropshire, with 25% based in Telford and Wrekin
- 36% of those surveyed identified as self-employed
- Over 60% of respondents stated that they had now applied for support via The Coronavirus Job Retention Scheme, this is an increase of 10% on the previous week
- A majority of businesses (53%) stated they have an interest in digital marketing training opportunities
- Firms told us that staff wellbeing, remote sales and business development, and managing change training opportunities would all be useful moving forward
- Businesses are concerned about accessing PPE once their workplaces re-open
- Further clarity on specific sectors re-opening their workplaces, and greater information from government on their longer-term plans to support businesses were both cited as crucial in supporting firms
- Businesses expressed issues over ineligibility for government grants and, slow and difficult loan applications
- As expected, some firms have stated they have experienced a drop in international trade
Survey Results Week 3 – Week commencing April 27
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Key results include:
- A majority of firms surveyed have furloughed members of staff with 77% stating some level of furlough within their business, this figure is relatively unchanged from last week’s 79%
- 80% of businesses surveyed told us that they feel confident they will be able to operate moving forward due to the Job Retention Scheme going live, a figure which is unchanged from the previous week
- 92% had not encountered difficulties with landlords over business rental payments, an increase of 1% on the previous week
- There was a 50:50 split between those surveyed who had and had not applied for the Job Retention Scheme, of the half of those who had not yet applied 65% stated they have no intention of applying for the scheme in future, in last week’ survey we found that 54% of firms had not yet applied for the scheme and of those, 64% intended on applying
- 58% believe they have around 3-6 months cash flow reserves, which is down 4% on the previous week
- Following the Coronavirus crisis 32% feel that support managing cash flow would be helpful in assisting their business, which is a fall of 10% on the previous week
- However, 29% have expressed assistance in moving their business capacity online would be beneficial and 28% called for greater support in managing employees returning from furlough
Survey Results Week 2 – Week commencing April 20
We collated data from 113 members around the effect Coronavirus has had on their business.
Key results include:
- A majority of those surveyed have now furloughed members of staff (79%)
- Following HMRC’s Job Retention portal going live on Monday 20 April, 80% of businesses now feel confident that they will be able to operate moving forward
- Over 90% of those surveyed had faced no difficulties with landlords over business rental payments
- Around 54% of respondents expressed they had not applied for the government’s furlough scheme. Of the 54% who had not yet applied 64% of these expressed that they intend to apply in the future.’
- 62% of those surveyed indicated they have around 3-6 months of cash flow reserves
- Following the Coronavirus crisis 42% of those surveyed stated that support in managing cash flow would helpful in assisting their business
Survey Results Week 1 – Week commencing April 13
We collated data from 140 members around the effect Coronavirus has had on their business.
Key results include:
- Of those surveyed 78% stated they have all the appropriate information regarding the various government relief packages.
- 65% of firms had already furloughed members of staff.
- The vast majority of those surveyed have not encountered difficulties with landlords over business rental payments (90%).
- Worryingly, 39% of those surveyed do not feel confident that they will be able to operate as a business before receiving government assistance.
- 84% of those surveyed expressed that they haven’t had to close their business permanently with 10% stating they have.
- Positively, most businesses have not requested to delay payments to suppliers (64%).
- A majority of businesses (74%) have told us that they have not withheld payments to suppliers.