iwoca SME Expert Index Q4 2022

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iwoca SME Expert Index Q4 2022 - full dataset

This data is based on insight from UK brokers who collectively submitted over 2,000 applications for unsecured finance on behalf of their SME clients in December.

Showing data from Q4 2021 onwards. See archive for earlier results.

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Words by

Charlotte Emms

Charlotte was a UK PR Manager at iwoca. She's been sharing news and insights about the finance industry for over four years.

Article updated on:

February 14, 2023

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Medium-sized firms grew jobs at twice the rate of large businesses in last decade

The UK’s medium-sized businesses drove job growth in the last ten years compared to their small and large counterparts, according to new analysis. The research from iwoca - one of Europe’s largest SME lenders - finds that businesses of 50 to 249 people expanded their headcount at double the rate of their small and large counterparts between 2014 and 2024. As of last year, medium-sized businesses employ 3.7 million UK workers, a 20% increase on 2014.

Over 300,000 SMEs may cut jobs to cope with hike in employer National Insurance

New analysis reveals over 300,000 SME owners may cut jobs in response to the Government’s planned rise in employer National Insurance contributions (NICs), due to come into effect in April.

iwoca SME Expert Index: Cutting taxes is key to SME growth, say finance brokers

More than a third (38%) of finance brokers say lower taxes are needed to boost SME growth this year, according to iwoca’s latest SME Expert Index. This is double the next choice of reforming business rates (19%).

iwoca SME Expert Index Q4 2022 - full dataset