The Bank of England reports that gross lending (excluding overdrafts) to non-financial businesses was £17.3bn in September compared to the average of £15.5bn over the previous six months.
In its money and credit report, the Bank of England said within that figure, gross lending to SMEs was £4.8bn over the previous six months, up £1.1bn on August’s figures.
Go deeper with GlobalData
Repayments by non-financial businesses had risen by £2.7bn on the average over the last six months from £16.3bn to £18.5bn in September; the Bank said repayment by SMEs was £5bn, compared to the average of £4.5bn over the previous six months.
Net lending , which the Bank defined as gross lending minus repayments to large businesses, was £1.0bn in September. Net lending to SMEs was -£0.1bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
