Early results of an ongoing survey of Doncaster businesses shows the impact of the current coronavirus crisis on the borough’s business community, with jobs, turnover, cashflow all threatened and delays reported in accessing support.
• 79% have seen business revenue fall
• 60% of businesses have already furloughed some employees
• 15% have made some redundancies
• 75%+ of businesses are aware of the financial support available to them
• But many are experiencing delays in accessing funds
The survey, currently completed by 110 local companies, has been co-ordinated by Doncaster Chamber with support of the Business Doncaster team at Doncaster Council. Responses follow a similar trend to national British Chambers of Commerce Coronavirus Business Impact Tracker results which shows that nationally an estimated two thirds of companies are awaiting funds from the furlough scheme and more than half of firms have less than three months cash in reserve.
Commenting on the interim results, Paul Barrett, Director of External Affairs at Doncaster Chamber, said:
“The sheer scale and increasingly long term nature of the Coronavirus pandemic is putting immense strain on local businesses and the workforce as the survey results show. The government’s measures are broadly welcomed by business, but they are only useful if delivered quickly, otherwise, more businesses and jobs will be lost. It is crucial that the government and its chosen agencies gets funds to businesses and other parts of the economy that need it immediately.”
If your company has not yet completed the survey please take a few minutes to share your feedback at bit.ly/DonBusSurvey