Subj : UK firms are investing heavily in new tech - but will it make any
To   : All
From : TechnologyDaily
Date : Fri Aug 01 2025 10:45:08

UK firms are investing heavily in new tech - but will it make any difference?

Date:
Fri, 01 Aug 2025 09:31:00 +0000

Description:
British SMBs invest more than one-third of their annual revenue on new tools 
and technology  99% now use tech in some form.

FULL STORY
======================================================================The 
average UK SMB now invests 36% of its annual revenue in new tech Finances and 
payments are common use cases Only 1% of companies remain non-tech-users 

Britain's small and medium-sized businesses are investing more than a third 
(36%) of their annual revenue in new tools and technology, new Worldpay data 
has said, with most (90%) also agreeing tech investments have already 
significantly boosted efficiency. 

Among the most popular areas for new tech investments across all type of UK 
SMBs are financial management (54%), marketing and sales (49%) and payment 
processing (47%), with employee management, inventory control and CRM also 
seeing a healthy boost. 

On the flip side, only 1% of SMBs are now not using any technology, compared 
with one in five (20%) a decade ago, marking a huge departure from old ways. 
UK SMBs are mostly tech-first 

"This digital transformation is not just a trend - it's a vital evolution 
that enhances productivity, efficiency, and customer satisfaction," Worldpay 
GM for SMB International Chris Wood explained. 

A number of factors could have contributed to the rise in spend on digital 
platforms, but the post-pandemic behavioral shift could lead them. Customers 
now expect contactless and omnichannel services that are fast and instant. 

Then, there are the regulatory hurdles, for example HMRC's Making Tax Digital 
mandate which requires bookkeeping to be completed using certain reporting 
software. 

"Worldpay is on a mission provide SMBs with the right technology, empowering 
independent businesses to compete on a level playing field and thrive," Wood 
added. You might also like Small business leaders are struggling to cope with 
a plummeting UK employment rate We've listed the best productivity apps and 
best online collaboration tools Check out the best AI tools and a handy boost



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Link to news story:
https://www.techradar.com/pro/uk-firms-are-investing-heavily-in-new-tech-but-w
ill-it-make-any-difference


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