Grounds for applying for financing of SMEs in the UK 2022

Published by Statista Research Department, Oct 17, 2023
The main reason for small and medium enterprises (SMEs) to apply for external financing in the United Kingdom (UK) in 2022 was working capital, indicated by 60 percent of companies who had done so. A further 42 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 2022

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Release date

April 2023

Region

United Kingdom

Survey time period

October 12, 2022 to January 9, 2023

Number of respondents

498 respondents

Special properties

SMEs who sought non-government-backed finance in the last three years.

Method of interview

CATI, online interview

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Statistics on " Small and medium enterprises financing in the United Kingdom "

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Overview

6

External financing for UK SMEs

7

Outcome of external financing applications

8

Loans and lending to SMEs

7

Further related statistics

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