SME Finance Monitor
Latest published SME Finance Monitor reports
- The latest full report is to Q2 2017 and was published in 14 September 2017
- Between full reports, we publish key data each month based on the previous 3 months rolling data. The latest period is the 3 months to October 2017
- The 2016 annual report annual report, providing data for 2016 on the regions and devolved nations was published in June 2017
Latest SME Finance Monitor presentations
The latest SME Finance Monitor results have been shared by Shiona Davies at three conferences in recent weeks: at the UK Finance Conference on October 11th, the Alternative & Receivables Finance Forum on November 16th and the Market Research Society Financial Services Conference, also on November 16th. A key trend that emerged during the conferences and subsequent discussions has been the subdued demand for finance amongst SMEs and reasons why this might be the case. There is no “silver bullet” to explain this but attitudes to risk, credit balances and awareness of alternatives all appear to be part of the mix.
Scaleups - helping fast growing SMEs
The SME Finance Monitor is increasingly being used to help Government and private and public sector bodies better understand not just the overall SME market but key groups of interest. We recently worked with the Scaleup Institute to highlight the key challenges faced by fast growing businesses. Their report, launched at the Stock Exchange, can be downloaded here from the Scaleup Institute. SME Finance Monitor data is freely available to all interested parties, so if you’d like to discuss how it might help inform your organisation, please get in touch.
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 in early 2017 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
- UK Finance, 'Impatient for growth? Time to unlock Patient Capital…'
- The Telegraph, 'Small business minister: Small firms deserve to be paid on time'
- Business Insider, 'SMES opt for self-funding'
- is4profit, 'Bigger Exporting Businesses ‘Concerned’ About Future...’'
The SME Finance Monitor reports:
SME Finance Monitor Q2 2017 - published 14 September 2017.
Annual Report 2016 (published 22 June 2017)
SME Finance Monitor Q4 2016 (published Thursday 9 March 2017)
Women-Led Businesses - Analysis from the SME Finance Monitor YEQ4 2015. Download the report
Listen to BDRC Director Shiona Davies discuss the Q2 SME Finance Monitor on Share Radio
2014 Annual Report- (published July 2015).