25th November 2022
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The British Business Bank’s second annual Nations and Regions Tracker, published today, finds usage of external finance has fallen overall across the UK, as nine out of the twelve regions saw a drop in use of small business finance. In addition, 38% of smaller businesses were using external finance in the second quarter of 2022, down seven percentage points from 45% a year earlier. Core debt products remain the most used and widely available across the UK nations and regions.
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