Business finance figures for the South West, from the British Business Bank.
46%
Businesses using external finance
46% of smaller businesses in the South West 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 the South West 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.
27%
Willing to use finance
27% of smaller businesses in the South West were willing to use external finance to grow in 2022.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 2022
Factsheet table, period printed as '2022'.
14%
Businesses using overdrafts
14% of smaller businesses in the South West were using bank overdrafts in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
536,925
Smaller businesses counted
536,925 smaller businesses with 0 to 249 employees were counted in the South West at the start of 2022.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 2022
Factsheet table, period printed as 'Start 2022'.
115
Announced equity deals
115 announced equity deals were recorded for smaller businesses based in the South West in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data, based on the head office of the recipient business.
£314m
Announced equity deal value
Announced equity deals for smaller businesses based in the South West were worth £314m in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data.
4,090
Facilities approved to Q2 2023
Major banks approved or increased 4,090 loans and overdrafts for smaller businesses in the South West in the four quarters from Q3 2022 to Q2 2023.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 12 months to Q2 2023
Factsheet table, period printed as 'Q3 2022-Q2 2023'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.
11,429
Facilities approved 2021/22
Major banks approved or increased 11,429 loans and overdrafts for smaller businesses in the South West 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.
£1,434m
Value approved to Q2 2023
Major banks approved or increased loans and overdrafts worth £1,434m for smaller businesses in the South West in the four quarters from Q3 2022 to Q2 2023.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 12 months to Q2 2023
Factsheet table, period printed as 'Q3 2022-Q2 2023'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.
£2,092m
Value approved 2021/22
Major banks approved or increased loans and overdrafts worth £2,092m for smaller businesses in the South West 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.
2,800
Businesses newly supported
The national development bank newly supported an estimated 2,800 businesses in the South West 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.
856
New Start Up Loans
856 Start Up Loans were offered to businesses in the South West in the 2022/23 financial year.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 2022/23
Factsheet table, period printed as '2022-23 FY'.
£10m
Start Up Loans value
Start Up Loans offered to businesses in the South West were worth £10m in the 2022/23 financial year.
Source: Nations and Regions Tracker 2023: English regions factsheets (data annex), British Business Bank, 2022/23
Factsheet table, period printed as '2022-23 FY'.