21 June 2018
‘Digital dividend’ productivity boost for UK’s micro firms
• Biggest ever study of UK ‘micro-businesses’ (with 1-9 employees) shows big boosts to productivity from use of digital technologies
• Doubling adoption could provide a ‘digital dividend’ boost to the economy worth £16.6bn
• Research points way to boosting output of group of firms traditionally seen as ‘drag’ on national productivity
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.