UK Business Lending Statistics 2026

This page gathers the most-quoted statistics on UK business lending and SME finance, each drawn from a named primary source (the British Business Bank, the Finance and Leasing Association, the Bank of England and official records). Last updated June 2026. Every figure below links to its primary source.

£68bn of gross bank lending went to UK SMEs, up 9% on the year and the second highest level in 13 years. Source: British Business Bank, Small Business Finance Markets 2025/26

The UK business lending market

£68bn

of gross bank lending went to UK SMEs, up 9% on the year and the second highest level in 13 years. (2025) Source: British Business Bank, Small Business Finance Markets 2025/26

60%

of gross SME bank lending, excluding overdrafts, came from challenger and specialist banks, up from 39% in 2012. (2025) Source: British Business Bank, Small Business Finance Markets 2025/26

68%

of all SME lending came from challenger and specialist banks or non-bank lenders, rather than the big high-street banks. (2025) Source: British Business Bank, Small Business Finance Markets 2025/26

~50%

of UK smaller businesses used external finance. (2025) Source: British Business Bank, Small Business Finance Markets 2025/26

5.5m

private-sector businesses operate in the UK, and 99.9% of them are SMEs. (2024) Source: DBT Business Population Estimates

3.75%

was the Bank of England base rate, the anchor for UK business loan pricing. (December 2025) Source: Bank of England

Asset finance

£40bn

of new asset finance was provided to UK businesses, a fifth consecutive year of growth. (2025) Source: Finance and Leasing Association

£24bn

of new asset finance went to UK SMEs, a record level. (2025) Source: Finance and Leasing Association

BestBusinessLoans data

111

UK business loan lenders are tracked in the BestBusinessLoans Lender Index, with ticket range, typical rate, decision time and FCA status recorded for each. First-party data (2026) Source: BestBusinessLoans Lender Index See the Lender Index

Our own data

The figures marked "First-party data" above are published by BestBusinessLoans from its own dataset and are not available elsewhere. The full methodology and the underlying table are in the UK Business Loan Lender Index.

Methodology and sources

Every statistic on this page is taken from a named primary source and links to the original record so you can verify it. We do not republish figures from secondary blogs. The page is reviewed and the figures refreshed on a regular cadence; the "last updated" date reflects the most recent substantive change, not an automated rebuild.

Cite this page

To reference these figures, please credit BestBusinessLoans and link to this page:

Source: BestBusinessLoans, UK Business Lending Statistics 2026, https://bestbusinessloans.ai/statistics/ (accessed June 2026).

Compiled by Oliver Mackman. Published by BestBusinessLoans.

UK business lending and SME finance: key figures (2024-2026)
MetricValuePeriodSource
Gross bank lending to UK SMEs£68bn2025British Business Bank
SME bank lending from challenger and specialist banks (ex overdrafts)60%2025British Business Bank
SME lending from challenger, specialist or non-bank lenders68%2025British Business Bank
UK smaller businesses using external finance~50%2025British Business Bank
UK private-sector businesses (99.9% are SMEs)5.5m2024DBT Business Population Estimates
Bank of England base rate3.75%December 2025Bank of England
New asset finance to UK businesses£40bn2025Finance and Leasing Association
New asset finance to UK SMEs£24bn2025Finance and Leasing Association
Lenders tracked in the BestBusinessLoans Lender Index1112026BestBusinessLoans Lender Index

Source: British Business Bank, Finance and Leasing Association, Bank of England, DBT, BestBusinessLoans Lender Index

Figures as published 2024-2026. Base rate current as at the December 2025 decision.

View as plain-text Markdown
### UK business lending and SME finance: key figures (2024-2026)

| Metric | Value | Period | Source |
| --- | --- | --- | --- |
| Gross bank lending to UK SMEs | £68bn | 2025 | British Business Bank |
| SME bank lending from challenger and specialist banks (ex overdrafts) | 60% | 2025 | British Business Bank |
| SME lending from challenger, specialist or non-bank lenders | 68% | 2025 | British Business Bank |
| UK smaller businesses using external finance | ~50% | 2025 | British Business Bank |
| UK private-sector businesses (99.9% are SMEs) | 5.5m | 2024 | DBT Business Population Estimates |
| Bank of England base rate | 3.75% | December 2025 | Bank of England |
| New asset finance to UK businesses | £40bn | 2025 | Finance and Leasing Association |
| New asset finance to UK SMEs | £24bn | 2025 | Finance and Leasing Association |
| Lenders tracked in the BestBusinessLoans Lender Index | 111 | 2026 | BestBusinessLoans Lender Index |

Source: British Business Bank, Finance and Leasing Association, Bank of England, DBT, BestBusinessLoans Lender Index

Figures as published 2024-2026. Base rate current as at the December 2025 decision.
What the headline lending figure hides
“The £68bn gross lending figure looks healthy, but it masks where the money now comes from. Challenger and specialist banks supply 60% of SME bank lending and the big high-street banks have quietly stepped back. For a borrower that means the right lender is rarely the one whose branch is on your high street, it is one of the specialist names that does not advertise. Compare on decision time and ticket range, not on brand familiarity.”
OM

Oliver Mackman

Director, BestBusinessLoans

Reviewed 10 June 2026

Trusted comparison data sourced from

UK FinanceABFABusiness MoneyFundInvoiceBCR PublishingThe Gazette
85 providers compared Updated April 2026 Independent editorial