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iwoca SME Expert Index: Three-quarters of finance brokers say Government policies harming SMEs, with Budget likely to worsen outlook

More than three-quarters (76%) of business finance specialists say the Government’s policies have had a negative impact on the UK’s 5.5m small and medium-sized enterprises (SMEs), with the situation predicted to worsen at the Budget.

84 new businesses were created every hour across Britain in H1 2025

iwoca and Teya partner as SME demand for finance expected to rise significantly

Latest data shows one in five workers in micro businesses are furloughed

Micro businesses could face additional hurdles in recovering from the pandemic compared to larger firms due to a greater reliance on the furlough scheme and a lack of confidence in seeking financial support.

We’re making a pledge to small businesses in the North worst affected by the pandemic

We're pledging to lend £220 million to small businesses in the North of England by the end of 2023 to help them recover from the pandemic.

We’ve made iwocaPay free for small businesses during lockdown

We decided to make our “buy now, pay later” invoicing product – iwocaPay – free till 2021 to support small businesses impacted by coronavirus.

We aim to lend over £200 million to small businesses before CBILS applications close in January

With the Coronavirus Business Interruption Loan Scheme (CBILS) extended until the 31st January 2021, we’re aiming to lend over £200 million to small businesses in need.

We’re partnering with Mental Health UK to support small businesses

We're partnering with Mental Health UK to develop the UK’s first ever mental health support programme designed specifically for small business owners.