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 were using any of the given types of external finance for their businesses. The largest share of respondents (38 percent) stated that they used credit cards. A further 27 percent of SME employers stated that they used bank overdraft facilities for their businesses in 2022.
Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022
*Actual percentage here is a figure <0.5% **Weighted basis.
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).
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GOV.UK. (August 31, 2023). Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/
GOV.UK. "Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022." Chart. August 31, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/
GOV.UK. (2023). Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/
GOV.UK. "Types of External Finance Used by Small and Medium Enterprises (Smes) in The United Kingdom from 2019 to 2022." Statista, Statista Inc., 31 Aug 2023, https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/
GOV.UK, Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022 Statista, https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/ (last visited November 21, 2024)
Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022 [Graph], GOV.UK, August 31, 2023. [Online]. Available: https://www.statista.com/statistics/911915/external-finance-used-by-smes-united-kingdom/