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SMALL BUSINESS FINANCE
MARKETS REPORT 2017/2018
SMALLER BUSINESSES’ USE OF FINANCE DIVERSIFYING IN 2017/18
£
value of smaller business
asset fnance deals
value of peer-to-peer
business lending
number of smaller business
equity fnance deals
Up
51%
value of smaller
business equity
fnance deals
Up
79%
Up
12%
Up
12%
A THRIVING START-UP CULTURE
5.7m highest ever UK
business population
new record for
start-ups in a year
414,000
35%
of employer
enterprises
are start-ups
THE BANK LENDING PICTURE
REGIONAL IMBALANCES IN EQUITY INVESTMENT
net bank lending - still positive,
although down on 2016
of smaller
businesses
confdent they’d
get a loan if
they applied
of smaller businesses sought
new loans in last 2.5 years
of smaller business loan
applications approved
of smaller
businesses
would rather
forgo growth
than borrow
of the UK’s business population is in London
but
19%
of UK equity
investment deals are in
London
52%
£0.7bn
1.7%
72%
70%
43%
£
SCALE-UP BUSINESSES NEED MORE LONG-TERM PATIENT CAPITAL
£118m
average UK
VC fund size –
one third smaller than in the US (£180m)
average number
of rounds of UK VC
funding for businesses
that exit (US average
2.7 rounds)
1.9
£13bn
long-term patient capital to be
unlocked by British Business Bank
UP TO
A full list of sources is provided in the Small Business Finance Markets Report 2017/18,
available from the British Business Bank website
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BRITISH BUSINESS BANK
REGIONAL FUNDS
NORTHERN POWERHOUSE
INVESTMENT FUND REGION
MIDLAND ENGINE INVESTMENT
A full list of sources is provided in the Small Business Finance Markets Report 2017/18,
SMALL BUSINESS FINANCE MARKETS
REPORT 2018 – THE REGI