24 Apr 2020 Industry News
COVID & the high-growth ecosystem: report from Beauhurst
Beauhurst has crunched the numbers on 28,499 companies on its platform to assess how COVID is having an impact.
These companies are typically smaller entrepreneurial businesses and there are several interesting findings:
- Over 60% of jobs in the high growth economy are either at immediate risk or moderately at risk.
- The UK’s scaleup companies are especially vulnerable, with almost a quarter (22%) already at severe or critical risk and a further 43% at moderate risk.
- The country’s extremities, notably the South West and devolved nations, have the highest proportion of critically impacted businesses of all UK regions.
- An estimated £320bn of turnover across the UK’s high-growth economy is at moderate to critical risk.
A full version of the report can be found here.