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Finance applicaton outcomes for SMEs in the United Kingdom in 2016, by business size

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, broken down by business size. It can be seen that businesses defined as being of a micro size were most likely to not receive anything after applying for finance, with a share of 15 percent stating this was the case.

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

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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

Micro, small and medium 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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Statistics on "Business enterprises in the UK"

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