Unlocking Regional Growth: The impact of AI adoption by SMEs

A major report, looking at the impact on regional growth the adoption of Generative AI could deliver, highlights how accelerating Generative AI adoption among small and medium-sized enterprises (SMEs) could unlock £78.1 billion in productivity gains across the UK economy by 2035.  Whilst targeting regions outside the southeast, the region shares some common themes for the Thames Valley.

Hugh Milward, Vice President, Microsoft UK, said: “Small businesses are the backbone of the UK economy but without targeted support, the country’s ambition for growth will falter. The £78 billion opportunity isn’t just a number – it’s growth that should be felt in communities from Kent to Cumbria.  To unlock it, we need coordinated action from government, regional mayors, and industry to put the transformative benefits of AI into the hands of the people and businesses driving regional growth.”

Read more HERE 

Download the report via the link HERE.