The main reason for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) in 2023 was working capital, indicated by 58 percent of companies who had done so. A further 31 percent of UK SMEs who sought financing claimed to have applied to purchase fixed assets.
Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023
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British Business Bank. (May 3, 2024). Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023 [Graph]. In Statista. Retrieved February 08, 2025, from https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed
British Business Bank. "Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023." Chart. May 3, 2024. Statista. Accessed February 08, 2025. https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed
British Business Bank. (2024). Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023. Statista. Statista Inc.. Accessed: February 08, 2025. https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed
British Business Bank. "Reasons for Small and Medium Enterprises (Smes) to Apply for External Financing in The United Kingdom (Uk) as of 2023." Statista, Statista Inc., 3 May 2024, https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed
British Business Bank, Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023 Statista, https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed (last visited February 08, 2025)
Reasons for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) as of 2023 [Graph], British Business Bank, May 3, 2024. [Online]. Available: https://www.statista.com/statistics/460353/sme-reasons-to-seek-external-financing-united-kindom/?__sso_cookie_checker=failed