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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.
According to iwoca, usage of social media influencers by SMEs is on the rise, with 13% endorsing this approach. Most found it had a positive business impact. TikTok usage also tripled among SMEs since 2021, particularly for those under 44. Businesses cited concerns about representation authenticity and high costs when considering influencers.
iwoca announces a partnership with business account provider Countingup to make business finance available to almost 10,000 of Countingup's users at the touch of a button.
SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain.
Small business optimism returns in 2024, as half of SMEs anticipate growth this year, according to new research from iwoca – one of Europe’s largest small business lenders.
With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca reveals that more than two in five (44%) SME owners expect to generate over a quarter of their revenue during the festive period.
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