SMEs familiarity with alternative finance options in the United Kingdom (UK) 2014

This statistic shows the level of familiarity with various platforms offered on the alternative finance market among United Kingdom (UK) SMEs (small and medium enterprises) in 2014. At that time, approximately 93 percent of the surveyed UK SMEs were unfamiliar with community shares.

Small and medium enterprises (SMEs) familiarity with alternative finance in the United Kingdom (UK) as of 2014, by finance model

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Source

Release date

November 2014

Region

United Kingdom

Survey time period

March to September 2014

Special properties

primary industry figures as well as extensive surveys of businesses and consumers

Supplementary notes

The source adds the following information: "Alternative finance is an umbrella term, covering a very diverse market of various innovative financial models."
"Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."

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