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One fifth of SMEs plan to reduce their offices

A fifth of small and medium-sized businesses plan to downsize their offices and encourage remote work

A fifth of small and medium-sized enterprises (SMEs) plan to reduce their offices and encourage remote work.

About 20 percent plan to take up less physical space after the pandemic, while 29 percent plan to have staff work from home, Santander research found.

Everything changes: About 20 percent of SMEs plan to take up less physical space after the pandemic, while 29 percent plan to have staff work from home

Everything changes: About 20 percent of SMEs plan to take up less physical space after the pandemic, while 29 percent plan to have staff work from home

However, 81 percent fear that their company will recover from the impact of Covid-19 at the earliest next year.

The survey surveyed 2,050 SME bosses.

Santander’s business banking boss Susan Davies said many small and medium-sized businesses had to “adapt almost overnight.”

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