Welsh SMBs are slowest to embrace the internet

Wednesday 28 November 2012

Small and medium-sized businesses (SMBs) in Wales are lagging behind the rest of the UK when it comes to using the internet, it has been reported.

The latest SME Digitisation Report from Lloyds Banking Group revealed that Welsh companies have been relatively slow to adopt digital channels, reports the Daily Post.

This is despite evidence of a significant rise in business productivity for companies taking advantage of the internet and online services.

According to the survey, 37 per cent of SMBs do not have a website - something which is likely to prevent them from driving new trade online.

And 20 per cent describe themselves as being 'deliberately disconnected' from the internet.

Leigh Taylor, area director for Lloyds TSB Commercial in North Wales, said: “There is no avoiding the fact the internet is part of everyday life and is an essential ingredient of business growth.

“This research shows that many SMBs are still not embracing digital technology, often because they don’t believe there are benefits to be had."

However, he said it is "clear" that when businesses do go digital, the rewards come quickly.

Posted by Alex Boardman