Finance for Small and Medium-Sized Enterprises - DTI Home Page

Finance for Small and Medium-Sized Enterprises: A Report on the 2004 UK Survey of SME Finances
13 GRANTS
The following table reports average and total amounts of grant finance accessed in
last 3 years.
Table 13.1: Value of Grants Awarded to Businesses in the Last 3 years (Averages and
Totals) (Population Weighted)
AVERAGE ERROR TOTAL ERROR
(£) MARGIN ± (BILLIONS £) MARGIN ±
All businesses
N p = 231,840
N = 341 32,681 14,447 7.6 3.5
Number of
employees
0 18,928 19,363 1.6 1.6
1-9 39,980 23,561 4.7 3.1
10-49 34,573 16,050 0.9 0.4
50-249 83,380 37,201 0.4 0.2
Turnover (£)
Less than 10,000 27,587 21,815 0.1 1.6
10,000-49,999 7,828 6,113 0.5 0.4
50,000-99,999 17,878 14,147 0.6 0.6
100,000-249,999 60,765 62,857 1.8 2.5
250,000-499,999 68,371 55,823 1.4 1.4
500,000-999,999 47,591 58,786 0.9 1.2
1,000,000-
4,999,999 32,017 26,268 0.9 0.8
5,000,000 or
more 94,751 127,786 1.2 1.5
The key results here are that:
• The value of the average grant awarded is about £33,000.
• The total value of grants awarded to SMEs in the last 3 years is £7.6 billion.
• The total value of assistance to businesses with less than 10 employees is
£6.3 billion, over 80% of the total awarded to
all SMEs.
the
117