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Reasons for not applying for external financing according to small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2022

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Sources

Release date

April 2023

Region

United Kingdom

Survey time period

July to October 2022

Number of respondents

483 respondents

Special properties

SMEs who considered but did not seek non-government-backed finance

Method of interview

CATI, online interview

Citation formats

Grounds for not seeking external finance by SMEs in the UK in 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 13, 2023
Among the reasons why UK small and medium enterprises (SMEs) who had a need for non-government-backed finance in the last 12 months but did not apply, the main one was that financing was too expensing, indicated by ** percent of respondents. The second main reason for not applying for financing was to avoid additional debt (** percent)
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