SMEs knowledge of alternative finance options UK 2023, by finance form

Published by Statista Research Department, May 29, 2024

Among the main forms of alternative finance for SMEs, the most well-known among SMEs in the United Kingdom was leasing (also know as hire purchase), indicated by 78 percent of respondents. Also, 63 percent of UK SMEs were also aware of venture capital as an alternative form of financing.

Small and medium enterprises (SMEs) awareness of alternative finance forms in the United Kingdom (UK) in 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

1,723 respondents

Special properties

SMEs

Method of interview

CATI, online interview

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