Coronavirus and the Cambridge office market

The recent coronavirus pandemic has already negatively affected many businesses, which have started to take measures such as furloughing staff to avoid collapsing. Start-ups are among the most vulnerable businesses during this crisis as they are less liquid and highly depended on funding. Many start-up founders are already seeing financing rounds pulled or vastly reduced. Although the UK government launched the above mentioned relief measures, many start-ups in the country won’t be able to access such funding. However, according to the UK government, start-ups that are developing tools to improve resilience for critical industries such as healthcare, food production and distribution are eligible for grants of up to £50,000.