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The world needs small business

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The world needs small business

Updated: 11 August 2020

Small businesses play a vital role in driving prosperity around the world. They create jobs, provide essential services, develop exciting new products and support local communities. In the UK alone they account for 50% of GDP and 60% of private sector employment. In short, small businesses are the unsung heroes of our economy, so we decided to do some singing.

Funding Circle was founded to help small businesses get the finance they need to thrive. Having worked with thousands of businesses, we’ve seen first hand how access to funds allows them to keep progressing and achieve even more. To celebrate the contribution they make, we’ve partnered with Oxford Economics to produce an in-depth report looking at the economic impact of lending through Funding Circle.

Below you can find the key findings from the report, a summary video and the report in full. Watch it, read it, share it and help spread the news of our amazing small businesses up and down the country.

Download the full report – The Economic Impact Report of Lending Through Funding Circle.

You can also find more information in our blog – Digging into the data: How your lending helps the UK economy to grow.

Figures taken from the FSB. By lending to businesses your capital is at risk.

Great Review: