16% of UK SMEs have not invested in business technology since 2013

By Bruno Reis

One in six, or 16%, of small and medium enterprises (SMEs) in the UK have not invested in business technology in the past five years or more.

During the review period 24% of the SMEs have neglected upgrading basic business programmes, according to a recent report released by Currys PC World Business.

22% of the firms not updated internet or cloud providers in the previous five years, whilst 11% have not updated cybersecurity software.

However, 71% of SMEs claim that up-to-date technology is crucial factor in business success, with customer engagement, staff productivity, and business growth all expected as outcomes of technology investment.


“For SMEs, having access to the right tech can be the difference between survival and disaster,” stated Jim O'Hagan, Business Development Director at Currys PC World Business.

“Too many SMEs are failing to give their business the chance it deserves, holding off on tech investment as they simply don’t know what to buy or how to use it.”

“That’s why we’re here: by offering free guidance and support, we can help small business owners overcome these barriers and make the best technological decisions for their business.”


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy