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Share of small and medium enterprises (SMEs) applying for financing in the UK from 2019 to 2024

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Source

Release date

April 2025

Region

United Kingdom

Survey time period

2019 to 2024

Citation formats

Share of SMEs applying for financing in the UK 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 10, 2025

UK SMEs seeking financing rose from ** percent in 2019 to a high of ** percent in 2020, driven by pandemic-related pressures. Application rates remained elevated in 2021 at ** percent, then sharply dropped to ** percent in 2022. The downward trend continued through 2023 and 2024, with only ** percent applying in the final year shown. These shifts reflect significant changes in economic confidence or credit requirements among small and medium businesses in recent years.

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