SMEs need government cash to adopt new tech

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Over a third of SMEs would be more likely to adopt new tech in the future if there was increased government support or bursaries available, while over 27 per cent of businesses have said they would like to see more information available on what would work for their specific business, according to a survey of 1,000 SME decision-makers by CitySprint.

Barriers preventing SMEs from making the investment needed include: a lack of budget (38 per cent), concerns about security (26 per cent); and staff would have to be trained to use it (24 per cent).

CitySprint chief Patrick Gallagher said: “Business owners know that innovation drives growth, but testing and adopting the latest tech is expensive and time consuming, and without more support small businesses struggle to keep up with technologies that can help them stay ahead.”


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