In a survey conducted between November 2022 and April 2023, small and medium enterprise (SME) employers in the United Kingdom (UK) were asked if they had tried to obtain external finance for their businesses in the past 12 months. A total of 88 percent of SME businesses claimed they did not try to obtain external financing in the 12 months preceding the survey. A further seven percent of SMEs stated that they had attempted to access external finance once in the last year.
Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022
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* Weighted basis Question read as follows: 'Have you tried to obtain external finance for your business in the past 12 months?'. 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).
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GOV.UK. (August 31, 2023). Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/
GOV.UK. "Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022." Chart. August 31, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/
GOV.UK. (2023). Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/
GOV.UK. "Attempts of Small and Medium Businesses in The United Kingdom to Access External Finance from 2019 to 2022." Statista, Statista Inc., 31 Aug 2023, https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/
GOV.UK, Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022 Statista, https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/ (last visited June 18, 2024)
Attempts of small and medium businesses in the United Kingdom to access external finance from 2019 to 2022 [Graph], GOV.UK, August 31, 2023. [Online]. Available: https://www.statista.com/statistics/460319/sme-seeking-attempts-for-external-financing-united-kindom/