If anybody doubted it before, there is no doubting now that the Tech Sector has been essential for the continuing operation of our economy with all almost all office workers working remotely and schooling being offered remotely and almost all shopping except for groceries having moved online. Tech also now holds a strategic place for our wellbeing, in linking us to our loved ones, friends and colleagues through video calls. Demand for IT infrastructure, broadband capacity and tech solutions to allow the country to continue to function has experienced an overnight spike in demand.
Such overnight demand does, however, lead to growing pains for businesses serving that demand. The vast majority of people in the sector are also working remotely and a reasonable proportion of those in the sector will also have the pressures of home schooling and / or may be ill with Covid-19. Tech firms may wish to recruit to meet the current demand, but it will be difficult. While there will be some people wishing to take on short term contracts, most employees will be reluctant to change jobs knowing that the current surge of demand for new systems and infrastructure capacity may reach a peak then fall back, meaning tech firms may then wish to reduce head counts.
At the same time much of the sector will not be experiencing the same overnight growth and will be struggling with the same Covid-19 pressures as everybody else, including furloughing staff, an inability to meet contractual obligations including performance and service levels, supply chain issues particularly with hardware and cash flow issues. Some firms may also be facing other challenges in relation to security of data with many of their teams now working remotely at home. Our Covid-19 Hub has a range of resources to assist you with immediate Covid-19 issues, a number of which are linked below.
Tech companies providing services to the public sector will recognise the significant issues being faced by their customers and the potential need to adapt quickly in order to enable them to respond to the crisis. The procurement rules provide for flexibility in such circumstances, and the Cabinet Office has also issued guidance to public bodies around providing contractual relief where their essential providers are struggling to meet contractual requirements due to the pandemic.
Whatever your situation, we are on hand to provide pragmatic support and advice on areas ranging from contractual obligations and workforce issues, through to raising capital, debt funding solutions and 5G readiness.
This page will be updated regularly so please visit back, and if you need any specific advice or guidance please contact one of Tech Team below.
Financial & business support resources
Commercial & governance resources
Procurement & State aid resources
Covid-19: Procurement Policy Note 02/20 – Supplier relief due to Covid-19
Government advice on moving house during the coronavirus outbreak (Note: article relates to residential moves but much of the article applies by analogy to business moves, albeit that business moves are not expressly listed as a ‘permitted excuse’ for movement in Regulation 6(2) of the Health Protection (Coronavirus, Restrictions)(England) Regulations 2020/350).