value of new loan approvals to SMEs 2018 Statistic

This statistic illustrates the quarterly value of new bank loans approved to small and medium enterprises (SMEs) conducting business within the services industry in the United Kingdom (UK) from the fourth quarter of 2016 to the fourth quarter of 2018. The value of loan approvals to service industry SMEs generally increased with some fluctuation during the period observed from approximately 3.5 billion British pounds in the fourth quarter of 2016 to roughly 4.5 billion British pounds in the fourth quarter of 2018.

Quarterly value of new loan approvals to small and medium enterprises (SMEs) in the total service industry* in the United Kingdom (UK) from 4th quarter 2016 to 4th quarter 2018 (in million GBP)

Characteristic	Value of new loan approvals in million GBP
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Release date

March 2019

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Region

United Kingdom

Survey time period

4th quarter 2016 to 4th quarter 2018

Supplementary notes

The source added the following information "Series referred to as 'GB' data reflect the SME business of Barclays, Clydesdale/Yorkshire banks, The Co-operative Bank, Lloyds Banking Group, HSBC Bank, RBS Group and Santander UK. Series referred to as 'NI' data reflect the SME business of Bank of Ireland, Danske Bank, First Trust and Ulster Bank, plus the SME business of Barclays, HSBC Bank, RBS and Santander UK banking groups for Northern Ireland customers."

* Service industry includes Wholesale and retail trade, Accommodation & food service activities, Transport, storage & communication, Real estate, professional services & support activities, Public administration & defense, Education, Human health & social work, Recreational and personal & community service activities.

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