06 March 2018

Ninety per cent of small firms still not prepared for new data regulation, new research shows

  • Hospitality and the arts & entertainment businesses are the least prepared for GDPR
  •  FSB awareness raising campaign to help 5.7 million small businesses be data ready starts today

Federation of Small Businesses (FSB) research, published today, shows that over a third (33%) of small businesses have not started preparing for the introduction of the General Data Protection Regulation (GDPR) while a further third (35%) are only in the early stages of preparations. Only six per cent of small businesses have completed their preparations. In light of the findings, FSB is launching a GDPR awareness raising campaign, dubbed ‘BeDataReady’ in the run up to the 25 May deadline.

A sector breakdown shows that the hospitality sector and the arts & entertainment sector are the least prepared with 53 per cent and 52 per cent of these respondents, respectively, having not yet started preparing for the changes. The financial services sector is the most prepared with 82 per cent of respondents having started their preparations and 27 per cent having completed preparations.

Bini Ludlow FSB Area Lead for Somerset, said: 

FSB is in a unique position to reach small businesses and so we’re going to step up efforts to help and support them get data ready, while continuing to make sure the Government implements the regulation in the fairest way for small firms.

“The GDPR is the biggest shake-up in data protection to date and many small businesses will be concerned that the changes will be too much to handle. It’s clear that a large part of the small business community is still unaware of the steps that they need to take to comply and may be left playing catch-up.”

The FSB campaign is being welcomed by UK Information Commissioner Elizabeth Denham, who said:

“Research suggests the SME sector is less prepared than others for the changes. We know that many small businesses are keen to get it right, but with so much misinformation out there it’s difficult for them to know what’s right and what’s not. It is therefore very welcome that FSB is running this campaign.”

 


FSB’s campaign #FSBeDataReady begins today and is aimed at raising awareness of GDPR among the small business community and supporting it in preparations for the changes. The campaign runs 26 February to 2 March 2018.

About FSB As experts in business, FSB offers members a wide range of vital business services, including advice, financial expertise, support and a powerful voice in Government. Its aim is to help  

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