BCC Coronavirus Business Impact Tracker: Firms Ready To Embrace ‘New Normal’ But Government Support Must Adapt

14th May 2020
Paul Brooks

Results from the latest BCC Coronavirus Business Impact Tracker reveal that firms are ready for a gradual reopening of the economy but will need continued, adaptable government support during a phased return to work.

  • Over 70 per cent of respondents have furloughed a portion of their staff
  • Nearly three quarters of these firms have submitted a claim to the furlough scheme and received payment
  • The Job Retention Scheme has prevented redundancies for vast majority of respondents

The leading business organisation’s weekly tracker poll, which serves as a barometer of the pandemic’s impact on businesses and the effectiveness of government support measures, received 601 responses.

The seventh tranche of polling was conducted from 5 – 8 May, prior to the Prime Minister’s announcement on a roadmap to gradually ease lockdown restrictions and the launch of safe workplace guidance, and the Chancellor’s announcement on the extension of the Job Retention Scheme until the end of October.

Take the next road to business success

Join today from as little as £250

Are you ready to start enjoying the benefits of membership of Kent Invicta Chamber of Commerce?

Join Now
Site by