External finance used by SMEs in the United Kingdom 2019-2023, by finance type

Published by Statista Research Department, Nov 26, 2024

In a survey conducted between October 2023 and April 2024, 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 (37 percent) stated that they used credit cards. A further 28 percent of SME employers stated that they used bank overdraft facilities for their businesses in 2023.

Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2023

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Release date

September 2024

Region

United Kingdom

Survey time period

October 2023 to April 2024

Number of respondents

2,514*

Special properties

small and medium businesses with employees.

Method of interview

Telephone interview

Supplementary notes

*Actual percentage here is a figure <0.5%
**Weighted bases.Unweighted bases: n=7799

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).

This statistic is using original data from the Government Digital Service and includes copyright material from © Crown, licensed under the Open Government License v3.0

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