UK Startups to Crowdfund Growth

More than 50% of small business owners in the UK are concerned about the accessibility  of the traditional routes to finance, while 30% had already struggled to secure fundings via those channels, a study by WorldPay confirms.

As a consequence, many of them will look elsewhere. For instance,

17% of respondents say they are more likely to look at crowdfunding.

James Frost, CMO Worldpay UK, said:

Small businesses are the engine room of the British economy, so it’s very encouraging to see that so many of the UK’s entrepreneurs and independents are planning for growth. A lot of business owners will remember the credit crunch of 2008 and the difficulties they faced during that period. We’ve come a long way since then however, and today small business owners have an incredible number of options available to them in order to support growth.

The study also found that younger small business owners are far more likely to consider alternative finance routes in comparison with their older peers.

Find out more here.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.