techUK Ltd.
techUK Ltd.
09/09/2024 | News release | Distributed by Public on 09/09/2024 03:21
techUK Report - Small Enterprises, Big Impact
09 Sep 2024
techUK Report - Small Enterprises, Big Impact
techUK is excited to announce its latest report, Small Enterprises, Big Impact.
techUK has today unveiled a report highlighting the immense potential for growth and productivity through better digital adoption support for UK SMEs. We call on the UK Government to act now and follow our 12 month roadmap for SMEs digitisation. This will help in the ambition to become the fastest growing economy in the G7.
Small Enterprises, Big Impact is structured as both a review and reflection on previous and ongoing policy interventions, including Help to Grow: Digital and Making Tax Digital, and outlines a range of policy actions that the Government can enact within the next 12 months.
The policy actions are informed by industry. They aim to tackle key challenges faced by SMEs, including access to finance and skills, and take steer from international examples of best practice.
Key recommendations
We provide a 12-month roadmap for the Government to incentivise SME digital adoption. Key areas of focus include:
- Co-ordinating a cross-departmental and industry led Forum and appoint a Minister responsible for digitisation across the economy.
- Delivering a comprehensive digital adoption plan with clearly defined targets by 2030, focusing on the right underpinning infrastructure, regulation and skills needed to succeed.
- Expanding the Made Smarter Adoption programme to all sectors of the economy.
- Committing to digital adoption growth opportunities, including supporting the next stages of Open Banking's evolution and SMEs carbon reporting for net zero.
With the UK being ranked fourth on the Global Innovation Index 2023, we now stand at a pivotal moment ahead of the upcoming Budget and Global Investment Summit. By prioritising digital adoption for SMEs, the UK can harness its existing strengths to drive future growth, innovation, and sustainability. The potential impact is significant: enhanced digital adoption could add an impressive £232 billion to the UK economy, while also preparing businesses to thrive in an AI-driven future.
Artificial Intelligence (AI) is projected to boost UK GDP and bring huge benefits for UK businesses. AI is not only a tool exclusive to or digitally intensive businesses, but an enabler of productivity and competitiveness for all businesses. However, it will first be deployed through updates to currently in use business software, meaning that if UK businesses are behind on basic digital adoption, they will soon be behind on AI adoption as well. Enhancing SME digitisation support is crucial for securing our international competitiveness and fully capitalising on the economic opportunities that AI offers.
Digital adoption is not just a growth opportunity - it's essential for the UK to stay competitive on the global stage. By equipping UK SMEs with the tools they need to thrive in a digital economy, we can unlock significant productivity gains and ensure long-term economic resilience. We look forward to working with the government and relevant stakeholders to leverage this growth opportunity and reap the benefits that AI and emerging technologies can bring to all businesses, including SMEs.
Neil Ross
Associate Director - Policy, techUK
Alongside this, the UK still suffers of a productivity gap. Despite SMEs making up 99.9% of UK companies and representing some of the country's most resilient businesses, over a quarter of UK SMEs still do not use basic digital tools. SMEs face some common challenges to digitisation that must be addressed. These include costs and a lack of skills to help businesses through the adoption stage of new technologies.
In light of the previous Government's shortcomings with initiatives like Help to Grow: Digital, techUK reiterate that this Government can seize the opportunity to elevate the UK's position in the global digital landscape. Digitisation of SMEs will also lead to growth opportunities in other areas, including Open Finance and net zero. These are vital priorities that, if taken advantage of, will ensure the UK is on a secure footing for future growth and competitiveness.
We look forward to working with the Government to deliver on economic growth, with digitisation at the hearts of this.
You can also download our full report here.
Neil Ross
Associate Director, Policy, techUK
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Neil Ross
Associate Director, Policy, techUK
As Associate Director for Policy Neil leads on techUK's public policy work in the UK. In this role he regularly engages with UK and Devolved Government Ministers, senior civil servants and members of the UK's Parliaments aiming to make the UK the best place to start, scale and develop a tech business.
Neil joined techUK in 2019 to lead on techUK's input into the UK-EU Brexit trade deal negotiations and economic policy. Alongside his role leading techUK's public policy work Neil also acts as a spokesperson for techUK often appearing in the media and providing evidence to a range of Parliamentary committees.
In 2023 Neil was listed by the Politico newspaper as one of the '20 people who matter in UK tech' and has regularly been cited as a key industry figure shaping UK tech policy.
Email:[email protected]Twitter:@neil13rWebsite:www.techuk.org/LinkedIn:https://www.linkedin.com/in/neilross13/Samiah Anderson
Head of Digital Economy, techUK
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Samiah Anderson
Head of Digital Economy, techUK
Samiah Anderson is the Head of Digital Economy at techUK, overseeing the Digital Economy programme, which promotes how the UK digital economy and innovation can drive sustained economic growth.
With over six years of Government Affairs expertise, Samiah has built a solid reputation as a tech policy specialist, engaging regularly with UK Government Ministers, senior civil servants and UK Parliamentarians.
Before joining techUK, Samiah led several public affairs functions for international tech firms and coalitions at Burson Global (formerly Hill & Knowlton), delivering CEO-level strategic counsel on political, legislative, and regulatory issues in the UK, EU, US, China, India, and Japan. She is adept at mobilising multinational companies and industry associations, focusing on cross-cutting digital regulatory issues such as competition, artificial intelligence, and more.
She holds a BA (Hons) in Politics, Philosophy, and Economics from the University of London, where she founded the New School Economics Society, the Goldsmiths University chapter of Rethinking Economics.
Email:[email protected]Website:www.techuk.org,www.techuk.orgLinkedIn:https://www.linkedin.com/in/samiahnanderson/Mia Haffety
Policy Manager - Digital Economy, techUK
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Mia Haffety
Policy Manager - Digital Economy, techUK
Mia joined techUK in September 2023.
Mia works to ensure that the UK policy and regulatory environment promote investment into the tech sector, recognising the role of digital and emerging technology towards future growth and productivity.
Prior to joining techUK, Mia worked as a Senior Policy Adviser at the Confederation of British Industry (CBI) within the Policy Unit.
Mia holds an MSc in International Development from the University of Manchester and a BA(Hons) in Politics and International Relations from the University of Nottingham.
Email:[email protected]LinkedIn:https://www.linkedin.com/in/miahaffety/