Digital dividend’ productivity boost for UK’s micro firms

The UK’s army of micro-businesses could boost the economy by £16.6bn with greater adoption of five key digital technologies shown to supercharge productivity.

The largest ever study of so-called micro-businesses – those employing between one and 9 staff – conducted by the Enterprise Research Centre is the first to put hard numbers on the effect digital adoption can have on productivity for the smallest firms.

 

STATE OF SMALL BUSINESS BRITAIN REPORT 2018

Business growth snapshot shows Brexit ‘crunch spots’

  • Firms in Northern Ireland and parts of the North of England show strong growth and productivity gains in latest annual study of SMEs
  • Coastal and rural areas display lower numbers of fast-growing firms, leaving them vulnerable to economic shock
  • Experts warn threat of more complex trading arrangements could undo recent success of firms in some regions

 

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