Grouds for applying for financing of small and medium enterprises in the UK 2018

This statistic presents the grounds for small and medium enterprises (SME) to seek external finance according to SME employers who had applied for financing in the United Kingdom (UK) as of 2018. Approximately 60 percent of companies had done so to acquire working capital to fund general growth. A further 42 percent claimed to have applied for finance to cover a short term gap until funds were received from customers.

Reasons for applying for external finance according to small businesses in the United Kingdom (UK) as of 2018

Share of businesses
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Source

Release date

May 2019

Region

United Kingdom

Survey time period

August 2018 to January 2019

Number of respondents

1,016 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 and it was read as follows: "Which of these describe the reason for seeking external finance for cashflow?".
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 financing in the United Kingdom"

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