The impact of Covid-19 on a group of innovation-based companies – a report of our survey findings

Advanced Oxford has been collecting insights from Oxfordshire-based innovation/R&D companies since the start of the lock-down period via a short on-line survey (https://www.surveymonkey.co.uk/r/D73XTBS).  The survey poses a set of questions across a number of business issues, focusing on the impact of the Covid-19 virus and the associated changes in working practices.  The Covid-19 pandemic has created unprecedented business conditions, with all sectors of the economy being significantly impacted by the lock-down, social distancing, the health crisis and its associated social and economic impacts.

Government is working to respond to these changes and this analysis of results provides insight and evidence from a group of businesses around key issues including investment, cash-flow and the workforce.  Advanced Oxford is sharing the results and analysis with policy makers at the local, regional and national level.

Read our analysis: Covid 19 company effects – report of findings to 14 April 2020 final

HIGHLIGHTS

  • Significant concerns relate to investment and cash-flow.
  • While 87% of the companies responding stated that they were expecting to grow, prior to the crisis, only 37% companies now expect to see growth in the next year.
  • Commercial companies have seen negative impacts on sales, ranging from 20 – 50%, where the impact was quantified.
  • Over a third of companies are experiencing significant supply chain issues and 80% of companies are experiencing delays or are stalling their research and development activity.

Recent news

Harwell’s Space Cluster launches 10 year growth strategy

Harwell’s Space Cluster launches 10 year growth strategy

The Harwell Space Cluster, Europe’s most concentrated group of space organisations located at Harwell Science and Innovation Campus, has released its 10-year growth strategy. Already recognised internationally as the UK Space Gateway, the strategy supports the...

read more
Early-stage investment – impacts of Covid-19

Early-stage investment – impacts of Covid-19

Our research into the impact of the Covid-19 siutation on innovation-based companies shows that attracting investment and cash-flow are major concerns, based on our survey of Oxfordshire-based businesses. The Government announced the Future Fund to support...

read more

Advanced Oxford is a community interest company (CIC), number 10976883

© Advanced Oxford 2019 | Site by Herd