New data reveals that 33 percent of UK businesses say they lack the technology infrastructure to manage long-term remote working during the Covid-19 crisis.

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The poll, commissioned by Leonne International, the global private equity provider, was conducted by an independent survey company Censuswide, which questioned 200 senior business decision-makers from large and medium-sized companies on the business impact of the Covid-19 crisis. The polling was conducted between Wednesday 18th March and Thursday 19th March after the Chancellor’s announcement of a £330bn package to support businesses cope with the outbreak.

Due to the global outbreak, the measures that have been introduced to tackle the Covid-19 coronavirus mean that many organizations are having to consider how their employees can work remotely for the first time. With offices closing, millions off workers are now working from home for the foreseeable future.

Additionally, 41 percent said they plan to increase their IT and tech investment in the coming weeks to cope with the new remote working structure during isolation. This could be because 26 percent say they lack the digital skills in-house in order to manage widespread and long-term remote working for staff.

Almost half, (47 percent) agree that there should be more collaboration between the global business community to fortunate a plan of action in order to tackle the disruption caused by the coronavirus.

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There is a concern around entering offices and public workspaces with 35 percent of business leaders who agree they feel afraid to enter their place of work due to fear of infection. Because of this, 37 percent say they will be working from home for the foreseeable future, which reaffirms this concern.

Worryingly, nearly one third (28 percent) said they now were actively planning to make redundancies to survive the crisis, with 72 percent against. Also, over half of large and medium-sized businesses (55 percent) expect a substantial revenue drop this year due to the Coronavirus outbreak.