SMEs detail pandemic impact

A poll of UK alumni of Goldman Sachs’ 10,000 Small Businesses programme shows that 99% believe they will survive the coronavirus crisis, assuming there are no further national lockdowns. The poll saw 64% say revenue had decreased, while 44% had reduced headcount and 75% had used the furlough scheme. It was also shown that 45% of firms have changed their business model due to the pandemic, with three quarters expecting this to be a permanent change.