In October 2023, real estate, professional services, and support activities were the industries that borrowed the highest amount of money, followed by construction. Due to the economic effects caused by the COVID-19 pandemic the Bank of England implemented quantitative easing measures in 2020. The injection of new money supply to help kick start the economy saw a huge increase in lending to businesses in March 2020. Key sectors including the construction, manufacturing, real estate and transport industries could take advantage of the record low bank base interest rate set by the Bank of England.
Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector
(in million GBP)
Characteristic
Construction
Transport, storage and communication
Real estate, professional services and support activities
M4Lex as defined by the Bank of England is "M4 lending (M4L) excluding lending to intermediate other financial corporations (OFCs) (M4Lex) is a more economically relevant measure of credit than the headline measure of M4L."
The source included the following information "The M4 lending measure covers all private non-financial corporations, and includes both loans and securities. The data which provide a split between smaller and larger companies covers all loans non-financial businesses."
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Bank of England. (December 13, 2023). Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector (in million GBP) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/
Bank of England. "Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector (in million GBP)." Chart. December 13, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/
Bank of England. (2023). Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector (in million GBP). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/
Bank of England. "Headline Flow of Borrowing by Non-financial Industries in The United Kingdom (Uk) from January 2013 to October 2023, by Key Sector (in Million Gbp)." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/
Bank of England, Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector (in million GBP) Statista, https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/ (last visited December 19, 2024)
Headline flow of borrowing by non-financial industries in the United Kingdom (UK) from January 2013 to October 2023, by key sector (in million GBP) [Graph], Bank of England, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1117100/headline-flow-in-lending-to-businesses-in-the-united-kingdom-by-key-sector/
