# 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.