27th November 2014

Bank support for SMEs – 3rd Quarter 2014

Key Points:

  • SME cash holdings are rising strongly.  Levels are up 12% year-on-year and now exceed borrowing by more than £48 billion.
  • £7.9 billion of new SME borrowing was approved in Q3, around 13% more than in the same quarter last year and the highest quarterly amount since 2011 – now on an improved reporting basis.
  • Borrowing was broadly-based across industry sectors and geographical regions, with demand from medium-sized businesses remaining strong in Q3, leading to a net expansion in their borrowing.

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