Share of small and medium enterprises seeking external financing in the UK, 2019-2023

Published by Statista Research Department, Nov 26, 2024

In a survey conducted between October 2023 and April 2024, small and medium enterprise (SME) employers in the United Kingdom (UK) were asked if they had tried to obtain external finance for their businesses in the past 12 months. A total of 86 percent of SME businesses claimed they did not try to obtain external financing in the 12 months preceding the survey. A further nine percent of SMEs stated that they had attempted to access external finance once in the last year.

Attempts of small and medium businesses in the United Kingdom (UK) to access external finance from 2019 to 2023

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Release date

September 2024

Region

United Kingdom

Survey time period

October 2023 and April 2024

Number of respondents

2,514*

Special properties

small businesses with employees

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

* Weighted basis
Question read as follows: 'Have you tried to obtain external finance for your business in the past 12 months?'.
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).

This statistic is using original data from the Government Digital Service and includes copyright material from © Crown, licensed under the Open Government License v3.0

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