The lending landscape for small and medium enterprises (SMEs) in the United Kingdom has undergone significant changes since 2019. Initially, SMEs experienced a surge in lending, with a peak increase of **** percent in early 2021. However, this trend reversed sharply, leading to a consistent decline in lending to SMEs from late 2021 through 2023.
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Bank of England. (November 21, 2025). Year-on-year change in lending to small and medium enterprises (SMEs) in the United Kingdom (UK) from January 2019 to September 2025 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 28, 2026, from /statistics/594432/change-in-lending-to-smes-united-kindom/
Bank of England. "Year-on-year change in lending to small and medium enterprises (SMEs) in the United Kingdom (UK) from January 2019 to September 2025." Chart. November 21, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 28, 2026. /statistics/594432/change-in-lending-to-smes-united-kindom/
Bank of England. (2025). Year-on-year change in lending to small and medium enterprises (SMEs) in the United Kingdom (UK) from January 2019 to September 2025. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 28, 2026. /statistics/594432/change-in-lending-to-smes-united-kindom/
Bank of England. "Year-on-year Change in Lending to Small and Medium Enterprises (Smes) in The United Kingdom (Uk) from January 2019 to September 2025." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 21 Nov 2025, /statistics/594432/change-in-lending-to-smes-united-kindom/
Bank of England, Year-on-year change in lending to small and medium enterprises (SMEs) in the United Kingdom (UK) from January 2019 to September 2025 ÌÇÐÄÆÆ½â°æ, /statistics/594432/change-in-lending-to-smes-united-kindom/ (last visited July 28, 2026)
Year-on-year change in lending to small and medium enterprises (SMEs) in the United Kingdom (UK) from January 2019 to September 2025 [Graph], Bank of England, November 21, 2025. [Online]. Available: /statistics/594432/change-in-lending-to-smes-united-kindom/