Use of alternative finances among UK consumers & SMEs 2014

This statistic shows the share of consumers and small and medium enterprises who have ever used or tried to use possibilities offered by the alternative finance market in the United Kingdom. As of 2014, approximately 14 percent of consumers and 9 percent of small and medium enterprises, have already used one or more of the alternative finance market options.

Level of usage of alternative finance options within the financial market in the United Kingdom (UK) as of 2014, by consumers and SMEs

Characteristic	Share of respondents
SMEs	9%
Consumers	14%

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Release date

November 2014

More information

Region

United Kingdom

Survey time period

March to September 2014

Special properties

primary industry figures as well as extensive surveys of businesses and consumers

Supplementary notes

The source adds the following information: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."

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