impact.pdf
Financing the Future: Funding Circle’s Impact in 2024
Overall Impact
GDP Contribution
£7.2 billion
| Direct | Indirect | Induced | |
|---|---|---|---|
| Amount | £3.5 bn | £0.3 bn | £1.0 bn |
Lending through Funding Circle supported SMEs in all 650 UK parliamentary constituencies in 2024.
Employment
87,500 jobs
| Total | |
|---|---|
| Total Jobs | 87,500 |
| Direct | 39,100 |
| Indirect | 30,100 |
Tax Revenues
£2 billion
| Direct | Indirect | Induced | |
|---|---|---|---|
| Amount | £0.3 bn | £1.0 bn | £0.7 bn |
Every £1 million lent through Funding Circle contributes £1.8 million to GDP and supports 22 jobs while generating £0.5 million in taxes.
Looking Ahead
- 47% of SMEs are prioritising investment in technology, highlighting a shift towards digital transformation.
- 48% have adjusted their financing needs post-pandemic, with increased demand for short-term finance and business loans.