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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.
SME lender iwoca publishes annual ‘Top 25 Towns & Cities for SME Jobs’ ranking for 2024, revealing the best places in Britain to work for a small business
SMEs are increasingly seeking larger loans over £100,000, with applications growing by 56% as optimism and demand for finance rise in 2024.
iwoca secures £150m from Citibank and Insight Investment for its German expansion, as well as an additional £120m from Barclays and Värde Partners for the UK, taking total gross investment in the business past £1bn.
Wolverhampton is ranked the best city to be a female entrepreneur in England, according to a new study by iwoca.
According to iwoca, usage of social media influencers by SMEs is on the rise, with 13% endorsing this approach. Most found it had a positive business impact. TikTok usage also tripled among SMEs since 2021, particularly for those under 44. Businesses cited concerns about representation authenticity and high costs when considering influencers.
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