Orla Browne writes in a Tech Nation blog:
It’s hard to believe the official UK lockdown is just a week old. In the last seven days, and the period running up to it, life and business for all of us have changed unrecognisably. With hundreds of billions already pledged by the UK Government to support employers and employees, we asked the UK’s tech scaleups what kind of impact these measures will have for them, and what more could be done to protect and support a thriving tech industry, that by any metric is third in the world, behind just the US and China.
Of 116 scaling tech companies based right across the UK who answered our questions on the challenges facing their businesses during the early stages of the Coronavirus crisis, 77% reported that they expected cashflow to be impacted by recent events. Eighty per cent of companies said they expected securing new customers to become a challenge, with 40% of companies saying they planned to lay off staff.