Share of small and medium enterprises seeking external financing in the UK, 2019-2022

Published by Statista Research Department, Oct 11, 2023
In a survey conducted between November 2022 and April 2023, 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 88 percent of SME businesses claimed they did not try to obtain external financing in the 12 months preceding the survey. A further seven 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 to access external finance from 2019 to 2022

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Release date

August 2023

Region

United Kingdom

Survey time period

November 2022 and April 2023

Number of respondents

2,501*

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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