Last month the Hodge Research Group in Cardiff Met’s Creative Leadership & Enterprise Centre (CLEC) sent out a questionnaire to 74 firms and asked them about their experiences during the lockdown. We had a good response rate of over 35% and some responses are still coming in.
We are proposing to follow this survey up with a longitudinal view of the effects that the pandemic has on business over the next 12 months.
The headline figures are that 35% of respondents remain fully operational and conducting business nearly as usual. 46% are partially open with reduced workforce, while 12% have temporarily shut down all operations.
Nearly 60% of firms have furloughed at least some of their staff.
- Full staff numbers working as normal: 31%
- Some staff furloughed: 54%
- All staff furloughed: 4%
- Full staff numbers but working at reduced
None of the respondents said that they have made anyone redundant during the lockdown.
70% of firms have applied to the government for some form of financial support. Most of the ones that did (62%) had found the process of getting the support straightforward, although some 39% had found some difficulty or had no success.
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