The latest O2 Business Barometer, one of the many monitors of confidence among small businesses, shows that a growing number of UK SMEs are hoping for greater government assistance during 2017, as uncertainty following Brexit continues. Apparently, three quarters of British businesses are in need of greater support to remain competitive and grow this year, the report, which surveyed 1,200 SMEs and large enterprises across the public and private sector, in December 2016, says.
Five focus areas were identified in the report: reduction in red tape (64 per cent), improved access to technology and connectivity (48 per cent), increased access to funding (41 per cent), improve access to talent/training (39 per cent), improved trade agreements (37 per cent).
O2 sales director Ben Dowd said: “For us to continue to deliver a customer-centred digital transformation it [mobile technology] has to be supported by further digital infrastructure investment.
“The Government has set out its plans for a ‘world class digital infrastructure’. Now it’s time for action. We need collective effort from Government and industry to make sure businesses across Britain have access to the technology and connectivity they need to keep up with their customers’ demands, achieve growth and remain competitive on the global stage.”
Enterprise Nation founder Emma Jones added: “This research shows what we know to be true; that there is a way to go when it comes to small businesses making the most of the digital opportunity. What’s required is a healthy dose of training and education – and measures to boost levels of confidence in digital skills.”