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This report illustrates the critical impact of tech SMEs across the nations and regions. techUK has combined quantitative data from Beauhurst with interviews from tech SMEs to provide both the current macroeconomic picture of tech SMEs, but also the economic and social impact made by individual tech SMEs.
Small and medium-sized enterprises (SMEs) are the backbone of the UK economy, representing over 99% of all businesses and providing about 60% of private sector employment. SMEs drive competition, stimulate innovation and create jobs — all of which are essential for economic growth. To capitalise on the forthcoming technological revolution, it is vital to foster an environment where these enterprises can thrive.
To further understand the economic and social impact of tech SMEs in the UK, techUK has undertaken quantitative and qualitative research. The research has comprised of data outlining the current macroeconomic picture of tech SMEs in the UK, and interviews with 30 tech SMEs to understand the further the successes and challenges they have had as a business, and how the UK Government and organisations can better support them to grow.
The launch event will introduce the findings of the latest report and will bring together industry leaders, policymakers, entrepreneurs and investors to discuss the report’s insights and their implications
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Introduction
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Macroeconomic outlook of tech SMEs
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Understanding SMEs impact
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Panel discussion
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techUK help our SME members to do things they may struggle to do alone. We help them to affect policy that is beneficial to their businesses. We showcase their products and services to our audiences. We facilitate meetings and events, and we create opportunities for them to meet clients, customers, policy makers and politicians. Visit the programme page here.
Liz Ashall-Payne is a dynamic entrepreneur and healthcare innovator renowned for her pioneering work in digital health. With a blend of visionary leadership and technical expertise, she has carved a significant niche in transforming healthcare delivery through technology. As the founder and CEO of ORCHA (Organisation for the Review of Care and Health Applications), Liz has led the charge in revolutionizing the way digital health apps are evaluated and utilized within healthcare systems worldwide. Her passion for empowering both patients and healthcare professionals with reliable, safe, and effective digital tools has been the driving force behind ORCHA's success. Liz's career trajectory has been marked by a relentless commitment to bridging the gap between traditional healthcare and cutting-edge technology. Her innovative approach has earned her numerous accolades, including recognition as one of the top 50 influential women in tech by Forbes. Beyond her entrepreneurial pursuits, Liz is a sought-after speaker and advocate for digital health literacy and accessibility. She actively engages in initiatives aimed at fostering innovation and collaboration within the healthcare industry, cementing her status as a leading figure in the digital health revolution. With a steadfast dedication to improving healthcare outcomes through innovation, Liz Ashall-Payne continues to push boundaries and inspire change in the ever-evolving landscape of digital health.
Delma has been pioneering the development, implementation and leadership of an evidence-based approach to policy and strategy development across the Midlands for over 22 years.
Delma was educated in Ireland and holds a First-Class Honours degree (Bachelors) in Commerce from University College Galway and an Honours Masters (MA) in Economics from University College Dublin. She was awarded a Visiting Professorship to the University of Wolverhampton in 2019.
Delma established The Black Country Economic Intelligence Unit in 2002 and has been the Director of Economic Intelligence for the last 20 years.
Delma has also been the Director of the Midlands Engine Observatory since 2019.
She utilises her excellent analytical abilities to translate complex information into meaningful messages and concise reports in order to support evidence-based debate at Strategic Board Level.
Prior to setting up the Intelligence Unit Delma’s work experience included the Economist in London, Curtin University in Perth, Australia and the Economic and Social Research Institute, Dublin.
Paula Whitehouse is Deputy Dean Enterprise and Engagement in the College of Business and Social Sciences at Aston University, and Director of the Aston Centre for Growth. Paula leads on the development of growth programmes and other business support initiatives at the Aston Centre for Growth which has provided targeted support to over 2,000 SMEs, and takes a strategic lead on Aston’s start-up support for students and graduates. Paula was awarded the Chancellor’s Medal by Aston University in 2021.
Paula is Curriculum Director with the Chartered Association of Business Schools for the UK Government’s Help to Grow: Management Course delivered to business leaders throughout the UK by over 50 accredited business schools. She was also Curriculum Director for the Small Business Leadership Programme which helped 2,800 business leaders build resilience and recovery during the Covid-19 pandemic. Paula chairs accreditation panels for the Small Business Charter and in 2018 gave evidence on behalf of the Small Business Charter to the House of Commons BEIS Committee Small Business and Productivity Inquiry. In 2021 she was awarded Fellowship of the Chartered Association of Business Schools.
As Section Lead and speaker for the Goldman Sachs 10,000 Small Businesses UK programme Paula has supported hundreds of entrepreneurs through its intensive leadership and management education since 2011. She has also worked with the Goldman Sachs 10,000 Women programme in India supporting their curriculum development. Paula is a board member and trustee of Ex Cathedra, a leading UK choir and early music ensemble, a Fellow of the RSA, and board facilitator for the charity Music Therapy Works.
