Business finance figures for the West Midlands, from the British Business Bank.
47% of smaller businesses in the West Midlands 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.
The share of smaller businesses using external finance in the West Midlands fell by 2 percentage points 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.
30% of smaller businesses in the West Midlands 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'.
49% of smaller businesses in the West Midlands were happy to use external finance to grow and develop in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Report text: an increase of 20 percentage points, reaching 49% in 2024.
Major banks approved or increased an average of 175 loan and overdraft facilities per 10,000 smaller businesses in the West Midlands between 2022 and 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Three-year average.
436,585 smaller businesses with 0 to 249 employees were counted in the West Midlands 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'.
43 announced equity deals were recorded for smaller businesses based in the West Midlands in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data, based on the head office of the recipient business.
Announced equity deals for smaller businesses based in the West Midlands were worth £301m in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data.
Major banks approved or increased 2,622 loans and overdrafts for smaller businesses in the West Midlands 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.
Major banks approved or increased 8,579 loans and overdrafts for smaller businesses in the West Midlands 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.
Major banks approved or increased loans and overdrafts worth £629m for smaller businesses in the West Midlands 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.
Major banks approved or increased loans and overdrafts worth £1,309m for smaller businesses in the West Midlands 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.
The national development bank newly supported an estimated 2,900 businesses in the West Midlands 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.
769 Start Up Loans were offered to businesses in the West Midlands 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'.
Start Up Loans offered to businesses in the West Midlands 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'.
47% of smaller businesses in the West Midlands were using external finance in 2024. The share of smaller businesses using external finance in the West Midlands fell by 2 percentage points between 2023 and 2024. 30% of smaller businesses in the West Midlands were willing to use external finance to grow in 2022.
47% of smaller businesses in the West Midlands were using external finance in 2024.
The share of smaller businesses using external finance in the West Midlands fell by 2 percentage points between 2023 and 2024.
30% of smaller businesses in the West Midlands were willing to use external finance to grow in 2022.