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Small Businesses Struggling to Invest in IT and Technology

Widespread budget cuts and concerns over cash flow are leaving small businesses struggling to invest in new technology and IT equipment, according to the results of a study released today. Budget cuts and cash flow concerns RentSmart questioned over 3,000 small businesses across the UK to evaluate post recessionary expenditure in business technologies. Despite the majority (73%) of respondents recognising the benefits of new technologies, over half (57%) revealed they have 50% less to invest in IT equipment for the office this year. 16% are facing a budget of three quarters the pre-recessionary level with the majority planning to spend only in the event of equipment failure rather than upgrade existing office technologies. The study reveals that cash flow concerns are behind the cuts. Over... »