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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

iwoca SME Expert Index: Government will miss inflation target this year, brokers predict

Our latest SME Expert Index results show that the government will miss the inflation target this year. Read our press release to find out more.

One million businesses can now get 12 month payment terms

Read our press release on our two new iwocaPay features: 12 month payment terms and a trade credit spending limit.

Rising costs mean ‘going green’ deprioritised by SMEs

Read our latest research on SME owners' thoughts on 'going green', and the challenges they're facing in doing so.

iwoca SME Expert Index: SME confidence makes a cautious comeback

Our latest SME Expert Index results show that signs of confidence are emerging in the SME lending market, but business running costs and a tough lending environment are causing concern. Read our press release to find out more.

iwoca SME Expert Index Q1 2023 - full dataset

Full data set for the iwoca SME Expert Index Q1 2023.