Productive finance in action: the economic footprint of Allica Bank’s lending
Commissioned by Allica Bank
Our latest report measures the economic footprint of Allica Bank’s lending across the UK.
Challenger and specialist banks now account for 60% of SME lending in the UK. Our report investigates the economic footprint of one such entity—Allica Bank.
Having issued its first loans in March 2020, Allica Bank’s lending topped £3 billion in 2024—the same year it topped the Sunday Times 100 list of the UK’s fastest growing companies. Our analysis reveals Allica Bank’s lending supported a total contribution to UK GDP of £5.8 billion in 2024, along with 84,000 jobs, spread across the length and breadth of the country.
The experts behind the research
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James BedfordLead Economist, Economic Footprint & Sustainability
James is a Lead Economist working within the Economic Footprint and Sustainability team of Oxford Economics. He holds a BSc (Hons) in Economics from Newcastle University. For his dissertation, James was awarded the European Award for Aviation Economics by the German Aviation Research Society. Since joining the team in 2016, James has worked on a range of high-profile economic impact studies for clients including the World Brewing Alliance, Airbus, and Sky.
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Evie JohnsonSenior Economist, Economic Footprint and Sustainability
Evie is a Senior Economist in the Economic Footprint and Sustainability team at Oxford Economics. She works on a variety of projects including economic footprint studies, cost-benefit analysis, and user model development.
Evie holds a first-class BSc (Hons) in Economics and Politics with Industrial Experience from the University of Exeter and an MSc with Distinction in Economics from the School of Oriental and African Studies (SOAS), University of London.
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