Financial providers approached by SMEs to receive external financing in the UK 2014

This statistic presents the amount of providers approached by small and medium enterprises (SME) to access external finance within the last 12 months, according to SME employers in the United Kingdom (UK) as of 2014. The majority of businesses (51 percent) reported to have sought finance from a single financial provider.

Number of providers approached by small businesses to access external finance in the United Kingdom (UK) as of 2014

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Source

Release date

March 2015

Region

United Kingdom

Survey time period

July to October 2014

Number of respondents

847 respondents

Special properties

small businesses with employees.

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

Question was posed to those companies that had applied for finance in the 12 months preceding the interview and it was read as follows: "How many potential providers did you approach for finance?".
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).
More information regarding survey methodology can be found in BIS Research Paper number 225 on page 10.

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Statistics on "Small and medium enterprises (SME) in the UK"

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