Sprout CRM and Night Time Industries Association conducted a survey of over 800 businesses within the Hospitality and Night Time Economy sector, following the implementation of the 10.00pm curfew and further restrictions by Government on the 24th September 2020.
60% of businesses within the sector have already started making redundancies. 91% of businesses surveyed said the Winter Economy Plan will not help them retain the current workforce and 55% of businesses surveyed have seen a further 60% drop in revenue after new restrictions and curfew were implemented.The results of the survey only further substantiate the impact of the new measures, and question the evidence and impact on transmission that the measures would have within this sector.
Dhilon Solanki, Director Sprout CRM Europe: “This is a huge challenge for the sector, we have been working tirelessly across to support businesses with tech solutions, but the recent measures implemented by Government have made many businesses unviable, leaving concerns for there future”
Michael Kill, CEO NTIA:“Our sector must not be undervalued, we need to challenge the Government when restrictions result in the systematic closure of an entire Industry. In the coming weeks, without further support, we are facing a catastrophic collapse, which will see thousands of businesses and jobs lost.”
Sprout CRM & NTIA Survey Results…Businesses Surveyed – Bars / Nightclubs / Pubs / Gastropub / Restaurant / Live Music Venues / Venue / Event Spaces / Hybrid Spaces / QSR / Other
Number of Participants in the Survey – 800 participants completed the survey
Is your Business Open? – 72% Open / 27% Closed
What % of Last year’s revenue were you trading at since reopening after lockdown, prior to the recent curfew restrictions? – 72% of businesses surveyed were trading at 60% capacity pre curfew restrictions.
Will the new Job Support Scheme as part of the Chancellors ‘Winter Economy Plan’ help retain your current workforce? – 91% of businesses surveyed said it will not help them retain the current workforce.
Have you started making redundancy within your business? – 61% Yes / 39% No
What proportion of your workforce will you have to make redundant as a result of the Chancellors ‘Winter Economy Plan’ Announcement and current restrictions? – 45% of the businesses surveyed will be making over 60% of their workforce redundant imminently as a result of the WEP and current restrictions.
What percentage of revenue will your business lose each week by reducing your terminal hours across the week to the 22.00pm curfew? – 55% of businesses surveyed have seen a further 60% drop in revenue after new restrictions and curfew were implemented
How have you found the NHS Track and Trace App to use since its launch last week? – 39% not used / 28% good / 28% poor / 2% excellent