Ungated Post | 04 Mar 2020

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.

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 economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

EMEA
Pete Collings
+44 (0)203 910 8078
Email

Americas
Hamilton Galloway
+1 (646) 503 3068
Email

Asia
Christie Tang
+852 3974 8841
Email

Related Services

Post

Experian / Oxford Economics Main Street Report

Experian/Oxford Economics’ Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as provides commentary on what specific trends mean for credit grantors and the small-business community.

Find Out More

Post

The Economics of Reduced-Risk Products: Global policy landscape and principles for policy treatment

In this study, Oxford Economics assesses the policy landscape for ‘Reduced-Risk Products’ in the tobacco market, and explores the potential health and economics consequences of taking a precautionary policy stance against them.

Find Out More

Post

The Economic Impact of China PNTR Repeal

This study provides rigorous analysis to inform policymakers on the potential impact of an escalation in US-China tariffs. We examine how removing China's Permanent Normalized Trade Relations (PNTR) status would affect the US economy, finding that tariffs would cause substantial output and job losses.

Find Out More