In 2022, the most used type of external finance sought by small and medium enterprises (SMEs) in the United Kingdom was loan from bank, building society or other financial institution. Approximately 40 percent of SMEs had applied for external finance via a bank overdraft facility in the previous 12 months. Again a further 39 percent of SMEs had applied for a bank loan from a bank overdraft facility in the last 12 months.
Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022
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2019
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2021
2022
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The 2019 survey was carried out between July 2019 and February 2020. There were 11,002 respondents, but only those who had obtained external finance answered this question. The 2020 survey was carried out between September 2020 and April 2021. There were 4,764 respondents, but only those who had obtained external finance answered this question. The 2021 survey was carried out between September 2020 and April 2021. There were 4,132 respondents, but only those who had obtained external finance answered this question.
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GOV.UK. (August 31, 2023). Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/
GOV.UK. "Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022." Chart. August 31, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/
GOV.UK. (2023). Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/
GOV.UK. "Types of External Finance Applied for Business According to Small and Medium Enterprises in The United Kingdom (Uk) from 2019 to 2022." Statista, Statista Inc., 31 Aug 2023, https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/
GOV.UK, Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022 Statista, https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/ (last visited June 18, 2024)
Types of external finance applied for business according to small and medium enterprises in the United Kingdom (UK) from 2019 to 2022 [Graph], GOV.UK, August 31, 2023. [Online]. Available: https://www.statista.com/statistics/460373/sme-methods-of-finance-united-kindom/