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Meta channels lead the pack as 97% of SMEs now use social media for their business

New research from iwoca reveals the overwhelming majority of UK SMEs are leveraging social media, as 97% say they use platforms to boost their business. The survey of SME owners, conducted by iwoca - one of Europe’s large SME lenders - shows Meta channels dominate the top four. Facebook leads as the top SME platform with 69% of SMEs on the network, while Instagram ranks second with 67%, and WhatsApp ranks fourth with 58% of firms using the channel.

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

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

We’re making a pledge to small businesses in the North worst affected by the pandemic

We're pledging to lend £220 million to small businesses in the North of England by the end of 2023 to help them recover from the pandemic.

We’ve made iwocaPay free for small businesses during lockdown

We decided to make our “buy now, pay later” invoicing product – iwocaPay – free till 2021 to support small businesses impacted by coronavirus.

We aim to lend over £200 million to small businesses before CBILS applications close in January

With the Coronavirus Business Interruption Loan Scheme (CBILS) extended until the 31st January 2021, we’re aiming to lend over £200 million to small businesses in need.

We’re partnering with Mental Health UK to support small businesses

We're partnering with Mental Health UK to develop the UK’s first ever mental health support programme designed specifically for small business owners.

‘What we do transforms the world’ – the refugee recruitment agency

Recognising that refugees coming into the UK were often highly skilled, young entrepreneur Mursal Hedayat created a business named Chatterbox that helped them to find work in their new home country.