UK tech trade body techUK has released a second Covid-19 survey investigating the effects of the pandemic on the nation's technology sector, building on an initial survey published last month that indicated the sector might be insulated from much of the impact.
Over 100 technology organisations responded to the updated urvey - half of them small businesses with less than 50 employees. techUK counts 850 companies as members that collectively employ almost half of UK tech sector employees.
Overall, the sector still seems cautiously optimistic that the most extreme economic effects of the outbreak can be avoided, with only 6 percent fearing a halt to trading in the short-term. Longer term, businesses are more uncertain, with 30 percent concerned about their ability to trade if restrictions are extended.
British satellite Internet company OneWeb has filed for bankruptcy in the US after attempts to secure funding for a commercial launch were checked by the coronavirus fears.
The firm, which had already secured billions in funding from investors such as Softbank, Qualcomm and the Government of Rwanda, was hoping to take its space-bound internet service commercial before the end of next year.