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Difficulties in obtaining finance experienced by SMEs in the UK in 2014, by size

This statistic presents the difficulties faced by small and medium enterprises (SME) in obtaining financing from the first source they had approached, according to SMEs employers in the United Kingdom (UK) in 2014, broken down by the company size. The question was posed only to those businesses that had applied for external financing in the 12 months preceding the survey. The majority of SMEs had no difficulty in obtaining the money from the first source they approached. With 71 percent, the share of companies that had not experienced any difficulty was the highest for medium-sized enterprises.

Problems with obtaining external financing by small and medium enterprises in the United Kingdom (UK) as of 2014, by company size

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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 H9 read as follows: "Did you have any difficulties in obtaining this finance from the first source you approached?".
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 "Business enterprises in the UK"

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