SME Finance Monitor
The SME Finance Monitor has been providing robust and respected data on access to finance amongst SMEs for over five years, since 2011. These independent reports are used by banks, government, the Bank of England MPC and industry bodies to inform the debate on this key issue.
More than 100,000 interviews have now been conducted by BDRC (4,500 interviews each quarter), building into a considerable data set on SME sentiment around past and future finance needs.
The Monitor is vital for understanding how SMEs are thinking on key financial issues and the business environment. For example, we explore how many SMEs have applied for external finance, what their experience was, and what (if anything) stopped those who did not apply from doing so.
We also explore the extent to which they are aware of the various forms of support and advice available to them when accessing finance. Looking forward, we track how many are planning to grow and the key barriers to running the business as they would wish.
Starting Autumn 2016 (post Brexit referendum) we will be publishing monthly mini-reports, tracking changes in behaviour and sentiment as preparations for Brexit develop.
Both the report and underlying data are made available free to all interested parties, and the quarterly results are widely quoted in the media. Latest coverage/usage: the SME Finance Monitor is cited in the Bank of England's Credit Conditions Review also used in British Business Bank's the Small Business Finance Markets Report 2015/16
- The Times, 'Businesses turn their backs on the banks, borrowing and debt'
- Reuters, 'UK's small business confidence unharmed by Brexit vote - survey'
- Growth Business, '8 in 10 SMEs base growth plans on what they can afford to fund themselves'
View the SME Finance Monitor reports:
Published Thursday 8 September 2016: SME Finance Monitor Q2 2016
Women-Led Businesses - Analysis from the SME Finance Monitor YEQ4 2015. Download the report
2015 Annual Report - published May 2016
Listen to BDRC Director Shiona Davies discuss the Q2 SME Finance Monitor on Share Radio
2014 Annual Report- (published July 2015).