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This survey, undertaken by Ipsos MORI for the British Business Bank, follows on from the previous 2012, 2014, 2015 and 2016 “SME Journey” surveys to explore SME awareness of different types of external finance and their experience of raising finance. It fed into British Business Bank’s 2017/18 Small Business Finance Markets report to assess how finance markets have changed.
The survey includes new data on the awareness and use of finance by smaller businesses, as well as information of the growth plans of those businesses. Awareness of finance products among SMEs is plateauing, but shopping around when they have a finance need is rising, with fewer considering just one provider.