Finance applicaton outcomes by small and medium enterprises in the UK in 2016

This statistic illustrates the outcomes of external finance applications according to small and medium enterprises (SME), that had applied for finance in the last 12 months, in the United Kingdom (UK) as of 2016. It can be seen that 13 percent of SMEs did not receive anything after applying for finance. Although this was the case, three quarters (75 percent) of SMEs stated that they did receive external finance after applying over the last 12 months.

Outcomes of external finance applications according to small and medium enterprises in the United Kingdom (UK) as of 2016

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Source

Release date

July 2017

Region

United Kingdom

Survey time period

August 2016 to January 2017

Number of respondents

1,077 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: "What type of finance did you seek? Please include all types of finance including where you failed to obtain it".
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).

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