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Access "Giving UK SMEs the digital tools they need"

Eva Eisenschimmel Published: 01 Aug 2013

There’s no getting away from the fact that economic conditions remain challenging for small businesses across the UK. And as a result, it is vital that our country’s organisations use all the tools at their disposal to ensure they are able to take advantage of any growth opportunities. At Lloyds Banking Group, we believe that one of the key avenues for business growth is embracing digital technology, and it’s clear there is much work to be done on this issue. We carried out some research recently, which found that 36% of small and medium enterprises (SMEs) in the UK have no website. Of the 64% of SMEs that do have a website, 15% of those have no functionality beyond simply providing information. This highlights a real need to provide SMEs with the support to improve their online presence. For the last year or so, as part of our commitment to helping businesses across all industries, we have been leading the Business Finance Taskforce mentoring initiative, which is a vital resource for many organisations, and provides us with the ideal avenue to pass on best ... Access >>>

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