28th May 2015

Bank support for SMEs – 1st Quarter 2015

Key points:

  • The start of 2015 has seen stronger lending to medium-sized enterprises and a higher number of loans being approved for small businesses. The first quarter saw 35,500 loans approved for all SME’s.
  • Most industry sectors and regions saw more lending facilities approved in Q1 2015 than in Q1 2014.
  • SME demand for finance continues to be moderated by growth in cash holdings. Deposit levels are 10% higher year-on-year and significantly exceed borrowing, by around £54 billion.

smestats1q2015

Please read our full statistics release and excel tables via the links below.