The Digital Opportunity for Small Businesses
Digital technology offers small and medium-sized businesses (SMBs) in the UK a huge opportunity to improve their productivity and increase their growth rates. Yet typically, uptake of this technology by SMBs lags both their counterparts in Europe and also large UK firms.
To shed light on the reasons for this “digital gap”, and to understand the scale of the opportunity if it is closed, Oxford Economics has partnered with Intuit Quickbooks to investigate how improvements in the UK’s digital infrastructure, and in SMBs’ inclination and ability to use digital tools, could boost productivity levels in local areas across the country.
We have created a first-of-its-kind Index to show how digital infrastructure, and SMBs’ inclination and ability to use digital tools, vary across the UK’s 173 NUTS3 regions.
To find out the conclusion of our study read the report below.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were: