Ungated Post | 15 Nov 2018

Boosting Local Business in the UK

Small and medium-size enterprises (SMEs) report that improving banking and business services could improve their productivity by 10%, delivering a £70 billion boost to the UK economy.

Small businesses are the engines of economic growth and prosperity, fuelling local economies right across Britain. However the productivity of SMEs is lagging larger companies. The relationship between banks and SMEs has suffered in the years following the financial crisis. As new digital tools become available, SMEs need more business support and better value banking services. The potential benefits to the UK are substantial – a 10% improvement in productivity worth £70 Billion.

Read the full report.

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:

Oxford Economics’ team is expert at applying advanced economictools that provide valuable insights into today’s most pressing business, financial,and policy issues.

To find out more about our capabilities, contact:

EMEA
Paul Donnelly
+44 (0)203910 8077
Email

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia
Peter Suomi
+65 6829 7198
Email

Related Services

Chevron’s impact in West Contra Costa County

Post

Chevron’s impact in West Contra Costa County

Consulting Report Boosting Local Business in the UK You might be interested in

Find Out More

Post

The New Rules of Data Management

Consulting Report Boosting Local Business in the UK Creating value in the AI Era You might be interested in

Find Out More

Post

Overcoming the middle-income trap and achieving sustainable development

The middle-income trap is an economic development situation in which a country’s income and economic output growth stagnate once the country is classified as a middle-income nation. This research paper explores how African nations can escape the so-called middle income trap.

Find Out More