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The future of UK Peer-2-Peer Lending

GROWTH STREET P2P UK Lending in 2014 Based on the Nesta UK alternative finance report 288% .. increase in P2P business lending in the last two years 9% ... of SMES have used a form of alternative finance £1,000,000,000 By 2015 alternative finance will provide over £1 billion to over 7,000 SMES 2.4% Equivalent to only 2.4% of gross national bank lending to SMES Who's borrowing? 9% 14% 14% 23% Leisure & Professional Retail Manufacturing Hospitality Services 7% 11% 7% 9% Healthcare Construction Wholesale Info & Communication Why are they borrowing? Expansion / Growth 47% Working Capital 34% Asset Purchase 18% Other 7% Awareness & Perceptions 44% of SMES are aware of alternative finance Positive Peceptions Negative Peceptions Expansion / growth Higher risk 56% 31% Speed Less secure 53% 23% Risk taking Lack of industry expertise 29% 17% Bright Future 5000 The alternative 4000 finance market is projected to grow by 152% by 2016 3000 2000 1000 2012 2013 2014 2015 YEAR * Projection based on growth figures of the past 3 years. 86% 96% .of borrowers will approach P2P .of borrowers would approach before their banks in the future. alternative finance even if a bank were to offer funding on similar terms. Factors Driving Future Development Cheaper funding Faster & less complex Regulation of the industry Platform longevity Acceptance of low quality applications Impact 70% ... of borrowers saw their turnover grow 63% ... increased profits 53% ... increased employment Were offered finance from a bank 22% Attempted to get a 79% bank loan before turning to P2P lending Nesta... GROWTH STREET © Copyright Growth Street Ltd. All Rights Reserved. For more information visit OBS £ MILLION

The future of UK Peer-2-Peer Lending

shared by ErlingAmble on Feb 05
In 2014 Nesta and the University of Cambridge published its first large scale study into the state of the UK alternative finance sector. Take a look at our infographic for a summary of their key findi...




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