This statistic shows an evaluation of alternative finance providers in the United Kingdom in comparison to traditional finance providers by UK small and medium enterprises in 2014. Of responding SMEs, 29 percent concluded that alternative finance providers are more willing to take risks than other finance providers their business had worked with so far.
Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor
Characteristic
Better
About the same
Worse
Lending/Investment standards
7%
38%
15%
Keeping information and money safe
8%
38%
18%
Know-how of own industry workings
14%
37%
17%
Moral standards
14%
32%
12%
Cost of capital
16%
36%
11%
Generating social returns on investment
16%
34%
10%
Generating financial returns on investments
17%
41%
7%
Accessibility
21%
36%
10%
Speed
23%
33%
10%
Flexibility
26%
33%
9%
Willingness to take risks
29%
29%
10%
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Source
Nesta
Survey by
Nesta
Survey name
Understanding Alternative Finance / The UK Alternative Finance Industry Report 2014
primary industry figures as well as extensive surveys of businesses and consumers
Supplementary notes
The percentages do not add up to 100% because the question was asked only to SMEs with previous experience dealing with alternative finance providers.
The methodology is clarified by the source as follows: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."
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Nesta. (November 7, 2014). Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/
Nesta. "Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor." Chart. November 7, 2014. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/
Nesta. (2014). Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/
Nesta. "Comparison between Alternative and Traditional Finance Providers According to Small and Medium Enterprises (Smes) in The United Kingdom (Uk) in 2014, by Factor." Statista, Statista Inc., 7 Nov 2014, https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/
Nesta, Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/ (last visited September 20, 2024)
Comparison between alternative and traditional finance providers according to small and medium enterprises (SMEs) in the United Kingdom (UK) in 2014, by factor [Graph], Nesta, November 7, 2014. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/372193/uk-alternative-finance-smes-comparison-with-traditional/
