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19th September 2018

One in three UK business owners unsure how to grow their business

Polling commissioned by British Business Bank, the UK government-owned economic development bank, has revealed one in three (33%) smaller business owners want to grow their businesses but are unsure on how best to achieve that growth.

Often, smaller businesses want to grow but just don’t consider, or know of, the alternative finance options available to them. The new polling reveals, for example, that only 5% of businesses have considered angel investment whilst only 7% have considered crowdfunding.

Older business owners are significantly less likely to be aware of or to have used alternative growth finance options than their younger counterparts. One in five (19%) millennials (under-35s), for example, have considered crowdfunding, compared to fewer than one in twenty (3%) over-35s.

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