Scale-ups remain confident amid COVID-19 crisis has been saved
Scale-ups remain confident amid COVID-19 crisis
Eighty-three percent expect limited to no negative impact on financing
Seven out of ten scale-ups remain confident that they will successfully navigate the COVID-19 pandemic, and that their business may come out stronger and continue or even accelerate its growth trajectory, reveals Deloitte’s latest survey.
Whilst the majority of scale-ups are aware of government relief measures, 55 percent have yet to make full use or benefit from such measures. Only 4 percent have fully taken up the offer of government aid. Sixty-six percent of scale-ups are in contact with their investors or plan to liaise with them, with the investors often providing hands-on advice and support.
As expected, the growth expectations of smaller companies are more affected by the crisis than those of larger companies. The scale-ups are primarily focusing on reducing operational costs, implementing temporary unemployment, and improving working capital. Surprisingly, only 14 percent have reduced headcount or dismissed employees.