Three Business’ Post

Anyone small business friend's out there please do reach out! We have some really exciting plans at the moment. That won't just help you save money, but support your growth! 💸📈 #smallbusiness #entrepreneurship #growthmindset

What should the Autumn Statement say about small businesses? I am delighted that this Government seems to have grasped how important #SMEs are to the UK economy: 🚩they employ 61% of the UK's private sector workforce 🚩they produce ca 50% of #innovation in the UK And there are good indications that #UKGovernment is on the right path to developing a well-thought through #SMEStrategy which will be announced in the Spring. But first, we have the Autumn statement. I am looking out for: 📌clear signs that policy decisions have considered their impact on SMEs 📌#UKSPF funding for 25/26 enabling places to continue building local business ecosystems 📌#MadeSmarter funding to ensure that #manufacturing SMEs can tap into support to raise their #digital game. What else are you hoping that the Autumn Statement will do for SMEs?

In this post, we explore how the EU is helping small businesses with various programs and initiatives that boost growth, innovation, and jobs within the region and how other governments can emulate. #EU #SMEs #Innovation #EconomicGrowth #SupportSmallBusiness #SMBs https://lnkd.in/dUintwfy

Almost two-thirds (63%) of small and medium-sized businesses (SMBs) think a lack of technology investment restricts the wider growth of UK business as a whole, according to new data from UK technology company ANS. Learn more here. 👉 https://zurl.co/SHMK #IIB #Technology

Britain is fuelled by small businesses—all 5.6 million of them. SMEs make up 99% of businesses in the UK and are the backbone of our economy, driving growth, innovation, productivity, and job creation. We need our SMEs to survive, thrive and meet their full potential. But the turbulent economy, changing consumer habits, and high energy bills are challenges for SMEs. Collaboration is the key to innovation, progress, and economic growth. If big businesses and government entities can collaborate with SMEs and harness their power, there will be many mutual benefits. Large organisations can learn about innovation from small businesses, and it can make them more innovative. SMEs bring new ideas, fresh thinking, creativity and agility. They are also often more acutely focused on doing good, for consumers and for the planet — purpose-driven towards creating a better future. The recent Budget recognised this, focusing on supporting SMEs through increased funding for research and development in high-growth sectors like biotechnology, aerospace, and life sciences. These initiatives empower SMEs to collaborate with larger organisations, leveraging innovation to compete globally. For example, targeted funding in the life sciences sector is designed to bolster resilience and create opportunities for small businesses to play a pivotal role in future health advancements. Read more below >> https://lnkd.in/eHG7tH2k #sme #future #collaboration #innovation #economicgrowth #designbetterfutures

🚀 Tech-savvy SMEs to boost UK economy by £79 billion! Find out how technology adoption is reshaping the landscape and driving growth. Are you ready to ride the wave of innovation? Comment below with your thoughts! 💬 #TechTransformation #UKEconomy Original article: https://lnkd.in/exvjnmJR

New research shows that the UK economy could benefit from a £79 billion boost in the next 12 months, if SMEs could prioritise investment in new technology. The new research, commissioned by Three Business and based on economic analysis and You Gov polling of over 2,000 SMEs, found two in five of SME business leaders say productivity would increase with investments in AI and other digital technologies, and a further 43% feel it would allow them to become faster and more efficient. Read more at: https://lnkd.in/eRJaJ_FZ

Small and Medium Enterprises (SMEs), often seen as the backbone of vibrant economies, regularly confront hurdles that can stifle their progress and efficiency. Due to their smaller scale and more modest resources, they face high administrative and transaction costs. This situation makes it tough for them to achieve the cost benefits that larger corporations might take for granted, placing them at a disadvantage, especially on the global stage. The constantly shifting rules and regulations only add to their struggles, complicating their efforts to control costs and stay profitable. Moreover, SMEs often find themselves on the outside looking in when it comes to essential business networks and value chains, which are typically dominated by larger companies. This exclusion limits their chances to expand and innovate. In many developing countries, they also grapple with inadequate infrastructure, such as poor roads and unreliable power, which can disrupt their day-to-day operations and add unexpected costs. Additionally, limited access to research and development (R&D) and technological advancements can hinder their ability to keep up with rapidly changing markets. Overcoming these obstacles is crucial to empower SMEs, enabling them to drive innovation and contribute robustly to economic growth.

Action plan calls for over 40% of 57 million SMEs nationwide to adopt cloud-based solutions by 2027 https://lnkd.in/gJZmCvcq #Finance #China #Economy #Digital #Technology

WA backs digital transformation of SMEs The West Australian government has committed $6.6 million to drive the digital transformation of the state’s small to medium businesses. The funding will be rolled out over the next three years as part of the state’s Local Capability Fund (LCF) – Digital Transformation Round, providing grants of up to $25,000 on a matched basis. Innovation and the Digital Economy Minister Stephen Dawson said the Digital Transformation Round of the LCF helps businesses adopt and use digital and data technologies to improve their competitiveness, resilience, safety and productivity. #manufacturing #digitisation https://lnkd.in/gfa5Gvcd