Borrowing Data

Business finance statistics in Northern Ireland 2026

Last updated November 2026 · Data to 2025/26 · Northern Ireland

Business finance figures for Northern Ireland, from the British Business Bank.

52%

Businesses using external finance

52% of smaller businesses in Northern Ireland were using external finance in 2024.

Source: Nations and Regions Tracker 2025, British Business Bank, 2024

Smaller businesses (0-249 employees). UK Finance/BVA BDRC SME Finance Monitor, unweighted n=17,011 for 2024. Annual share of businesses using external finance.

1pp

Change in external finance use

The share of smaller businesses using external finance in Northern Ireland rose by 1 percentage point between 2023 and 2024.

Source: Nations and Regions Tracker 2025, British Business Bank, 2024

Change on 2023 in percentage points as printed in the source table. The source table shows '-' for London, which is not recorded.

378

Facilities per 10,000 SMEs

Major banks approved or increased an average of 378 loan and overdraft facilities per 10,000 smaller businesses in Northern Ireland between 2022 and 2024.

Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024

Three-year average from the Devolved Nations briefing note.

24

Announced equity deals

24 announced equity deals were recorded for smaller businesses based in Northern Ireland in 2024.

Source: Nations and Regions Tracker 2025, British Business Bank, 2024

Beauhurst data, based on the head office of the recipient business.

£78m

Announced equity deal value

Announced equity deals for smaller businesses based in Northern Ireland were worth £78m in 2024.

Source: Nations and Regions Tracker 2025, British Business Bank, 2024

Beauhurst data.

4,943

Facilities approved 2024

Major banks approved or increased 4,943 loans and overdrafts for smaller businesses in Northern Ireland in 2024.

Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024

Factsheet table, period printed as '2024'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.

5,099

Facilities approved 2021/22

Major banks approved or increased 5,099 loans and overdrafts for smaller businesses in Northern Ireland in the 2021/22 financial year.

Source: Nations and Regions Tracker 2022, British Business Bank, 2021/22

Annex table, period printed as '2021-22 FY'. UK Finance data on the largest SME lenders.

£1,137m

Value approved 2024

Major banks approved or increased loans and overdrafts worth £1,137m for smaller businesses in Northern Ireland in 2024.

Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024

Factsheet table, period printed as '2024'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.

£1,346m

Value approved 2021/22

Major banks approved or increased loans and overdrafts worth £1,346m for smaller businesses in Northern Ireland in the 2021/22 financial year.

Source: Nations and Regions Tracker 2022, British Business Bank, 2021/22

Annex table, period printed as '2021-22 FY'. UK Finance data on the largest SME lenders.

600

Businesses newly supported

The national development bank newly supported an estimated 600 businesses in Northern Ireland in 2025/26.

Source: Impact Report 2026, British Business Bank, 2025/26

British Business Bank estimates, apportioned from UK-wide estimates using programme data on business location; rounded to the nearest hundred. Includes debt, guarantee and equity programmes.

Key points

52% of smaller businesses in Northern Ireland were using external finance in 2024. The share of smaller businesses using external finance in Northern Ireland rose by 1 percentage point between 2023 and 2024. 53% of smaller businesses in Northern Ireland were willing to use external finance to grow in 2024.

Frequently asked questions

What share of smaller businesses in Northern Ireland were using external finance in 2024?

52% of smaller businesses in Northern Ireland were using external finance in 2024.

How did the share of smaller businesses using external finance in Northern Ireland change in 2024?

The share of smaller businesses using external finance in Northern Ireland rose by 1 percentage point between 2023 and 2024.

What share of smaller businesses in Northern Ireland were willing to use external finance to grow in 2024?

53% of smaller businesses in Northern Ireland were willing to use external finance to grow in 2024.