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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

Tax cuts top SMEs’ wish list ahead of Autumn Statement

As the Chancellor prepares to deliver a package of economic measures in the upcoming Autumn Statement, new data from small business lender iwoca reveals that tax cuts are the top priority for SMEs.

iwoca SME Expert Index: High street banks reduce appetite to fund SMEs, with worse yet to come

Our latest SME Expert Index results show that 83% of brokers believe high street banks are reducing their appetite to fund SMEs. Read our press release to find out more.

Over half of SMEs owners have a “good understanding” of AI – but major barriers to adoption still exist

SME lender iwoca raises new £200 million funding line after reaching £2.5bn in finance lent

iwoca secures £200M funding from Barclays & Värde, bridging the SME finance gap with flexible solutions for diverse sectors.

101 new businesses were created every hour across the UK in first half of 2023

The UK's Entrepreneurial Renaissance: Record-Breaking Business Creation in 2023