Grounds for applying for financing of SMEs in the UK 2023

Published by Statista Research Department, May 29, 2024

The main reason for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) in 2023 was working capital, indicated by 58 percent of companies who had done so. A further 31 percent of UK SMEs who sought financing claimed to have applied to purchase fixed assets.

Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023

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Release date

May 2024

Region

United Kingdom

Survey time period

September 14, 2023 to December 11, 2023

Number of respondents

335 respondents

Special properties

SMEs who sought non-government-backed finance in the last three years.

Method of interview

CATI, online interview

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Statistics on " Small and medium enterprises financing in the United Kingdom "

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Overview

6

External financing for UK SMEs

7

Outcome of external financing applications

8

Loans and lending to SMEs

7

Further related statistics

16

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Financing of SMEs in the UK Crowdfunding in EuropeInvestment bankingPrivate equity worldwideBanking industry in Europe
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