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New research from iwoca reveals the overwhelming majority of UK SMEs are leveraging social media, as 97% say they use platforms to boost their business. The survey of SME owners, conducted by iwoca - one of Europe’s large SME lenders - shows Meta channels dominate the top four. Facebook leads as the top SME platform with 69% of SMEs on the network, while Instagram ranks second with 67%, and WhatsApp ranks fourth with 58% of firms using the channel.
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.
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