Intelligence Insight – Impact of Covid-19 on the Buckinghamshire Economy
The scale of the impact of the Covid-19 pandemic on businesses and individuals in Buckinghamshire is become clearer as new data is released. We now know that over a third of all working residents (94,000 people) have received some sort of job-related financial support, through the Job Retention Scheme, the Self-Employed Income Support Scheme or through unemployment related benefits. The impact of the virus varies considerably by sector. With aviation, automotive, hospitality and tourism likely to be hardest hit, and tech and life sciences best placed to recover quickly. Buckinghamshire LEP is maintaining an up-to-date evidence pack to collate all the available data on local impact, this can be accessed here. The evidence is being used to inform immediate economic recovery activity and long-term strategic planning.