External finance used by SMEs in the United Kingdom 2019-2022, by finance type

Published by Statista Research Department, Oct 11, 2023
In a survey conducted between November 2022 and April 2023, small and medium enterprise (SME) employers in the United Kingdom (UK) were asked if they were using any of the given types of external finance for their businesses. The largest share of respondents (38 percent) stated that they used credit cards. A further 27 percent of SME employers stated that they used bank overdraft facilities for their businesses in 2022.

Types of external finance used by small and medium enterprises (SMEs) in the United Kingdom from 2019 to 2022

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Release date

August 2023

Region

United Kingdom

Survey time period

November 2022 to April 2023

Number of respondents

2,501*

Special properties

small and medium businesses with employees.

Method of interview

Telephone interview

Supplementary notes

*Actual percentage here is a figure <0.5%
**Weighted basis.

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).

This statistic is using original data from the Government Digital Service and includes copyright material from © Crown, licensed under the Open Government License v3.0

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