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Number of providers approached by small and medium enterprises to access external finance in the United Kingdom (UK) from 2016 to 2023

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Sources

Release date

May 2024

Region

United Kingdom

Survey time period

2016 to 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

Citation formats

Financial providers approached by SMEs to receive external financing UK 2016-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, May 29, 2024

According to a survey conducted in 2023, the majority of small and medium enterprises (SMEs) who have sought external financing in the last three years in the UK applied through a single financial provider. The share of UK SMEs who only approached one provider remained stable in the last few years, except for 2020, when the share increased.

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per month, billed annually 1
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