DOI: 10.5255/ukda-sn-7385-1
title: United Kingdom Survey of Small- and Medium-Sized Enterprises' Finances, 2009
title: United Kingdom Survey of Small- and Medium-Sized Enterprises' Finances, 2004-
title: UKSMEF 2009

description: In January 2004, a consortium of public and private sector organisations commissioned Warwick Business School to carry out the &lt;i&gt; United Kingdom Survey of Small- and Medium-sized Enterprises' (SME) Finances, 2004&lt;/i&gt;. This was the first representative survey of SMEs to offer a close analysis of businesses with fewer than 250 employees, their main owners and their access to external finance. A second survey was conducted in 2008, where business owners were interviewed by telephone about the finances they have used or applied for in the last three years, their financial relationships, the characteristics of the business and personal details. &lt;br&gt;
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In 2007, another consortium of UK public sector bodies, small business representative organisations and finance providers agreed to sponsor a similar survey to the 2004 survey, conducted by the Centre for Business Research based at the University of Cambridge. This study is held at the UKDA under SN 6049, with the title &lt;i&gt;United Kingdom Survey of Small- and Medium-Sized Enterprises' Finances, 2007&lt;/i&gt;. It aimed to compile another benchmark and to identify any changes or trends that had emerged since 2004, but made a number of changes to the 2004 questionnaire, so that it is not a direct member of the UKSMEF series, but stands alongside it as a separate cross-sectional survey. The UKSMEF 2008 survey was conducted by the same Principal Investigator as the 2004 survey, based at Warwick Business School, and the 2008 report provides direct comparison between the 2004 and 2008 surveys.&lt;br&gt;
 The aims of the 2009 survey were to:&lt;ul&gt;&lt;li&gt;provide benchmarking data on the availability of credit to SMEs and the types of finance used&lt;/li&gt;&lt;li&gt;collect information on the relationship between SMEs and their providers of finance&lt;/li&gt;&lt;li&gt;develop a general purpose micro database for quantitative research on business finance (offering, for example, scope for comparisons with the US Survey of Small Business Finances) &lt;/li&gt;&lt;/ul&gt;The 2009 sample consisted of 1,250 follow up interviews with businesses interviewed for the 2008 survey. Telephone interviews were conducted by IFF Research Ltd during autumn 2009. These interviews focused on the cost and availability of overdrafts and term loans to businesses in the previous year due to policy makers concerns about the affect of the Credit Crisis on bank lending to SMEs. The data can be used for panel data analysis, in conjunction with UKSMEFs 2004 and 2008, or for standalone cross-sectional analysis. A set of population weights is included in the dataset so that this analysis can be weighted to the UK SME population. These weights were calculated using statistics provided by the Department of Business, Innovation and Skills Enterprise Directorate - see &lt;a href="https://www.gov.uk/government/organisations/department-for-business-innovation-skills/series/business-population-estimates" title="Business population estimates"&gt;Business population estimates&lt;/a&gt;, formerly 'SME Statistics'.&lt;br&gt;
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Further information may be found on the ESRC &lt;a href="http://www.esrc.ac.uk/my-esrc/grants/RES-189-25-0135/read" title="UK Survey of SME Finances 2009 Follow On Study"&gt;UK Survey of SME Finances 2009 Follow On Study&lt;/a&gt; award webpage.&lt;br&gt;
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