UK:Finance flows into the innovative business
  • 2023-05-04
  • Entrepreneurship Research Center on G20 Economies
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  • Small Business Finance Markets 2022/23 report by UK Business Bank highlights the role of finance in driving innovation across the UK’s small business population and in supporting small businesses to provide solutions to achieve the UK’s net zero targets.

    Key findings contained in the 2022/23 report include the following:

    1. 2022 has been a challenging year for the UK’s 5.5m smaller businesses, with high energy prices and inflation. This put pressure on many small businesses’ financial positions.

    2.Lending volumes grew in 2022 with challenger and specialist banks accounting for a record share of gross lending in 2022. Use of external finance figures, however, point to increasing signs of difficulties in accessing finance.

    3. Equity finance raised by small businesses saw a turning point midway through 2022 following two years of very strong growth.

    4. Finance to support both new-to-market and new-to-business innovations are essential to delivering long-term economic growth in the UK economy.

    5. Equity flows are supporting smaller businesses to develop net zero solutions, with net-zero related deals making up an increasing share of activity. This points to more equity and debt funded investment in smaller businesses solutions.

  • Partners

  • Global Health Innovation Center (GHIC)
  • World Intelligent Incubation Network (WIIN)
  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

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