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84 new businesses were created every hour across Britain in the first half of 2025 despite continued economic uncertainty, according to the annual Business Hotspots list from iwoca — one of Europe’s largest SME lenders. iwoca’s research, derived from an analysis of Companies House data, finds that over 363,000 businesses were registered in Britain between January and June 2025.
The latest iwoca SME Expert Index reveals a surge in optimism among SME finance brokers, with 73% feeling positive about the future of small businesses. Despite the economic challenges, recession fears are at a record low, although political uncertainty remains a concern, with mixed opinions on the new Labour Government’s impact on SMEs.
SME lender iwoca publishes annual ‘Top 25 Towns & Cities for SME Jobs’ ranking for 2024, revealing the best places in Britain to work for a small business
SMEs are increasingly seeking larger loans over £100,000, with applications growing by 56% as optimism and demand for finance rise in 2024.
iwoca secures £150m from Citibank and Insight Investment for its German expansion, as well as an additional £120m from Barclays and Värde Partners for the UK, taking total gross investment in the business past £1bn.
Wolverhampton is ranked the best city to be a female entrepreneur in England, according to a new study by iwoca.