According to a survey conducted in 2023, the majority of small and medium enterprises (SMEs) who have sought external financing in the last three years in the UK applied through a single financial provider. The share of UK SMEs who only approached one provider remained stable in the last few years, except for 2020, when the share increased.
Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023
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British Business Bank. (May 3, 2024). Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/
British Business Bank. "Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023." Chart. May 3, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/
British Business Bank. (2024). Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/
British Business Bank. "Number of Providers Approached by Small and Medium Enterprises to Access External Finance in The United Kingdom (Uk) from 2016 to 2023." Statista, Statista Inc., 3 May 2024, https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/
British Business Bank, Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023 Statista, https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/ (last visited December 04, 2024)
Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023 [Graph], British Business Bank, May 3, 2024. [Online]. Available: https://www.statista.com/statistics/460332/sme-providers-approached-for-external-financing-united-kindom/
