Powering established SME growth: The economic footprint of Allica Bank’s lending
Established SMEs – businesses with 5 to 249 employees – account for more than a third of private sector employment in the UK. Their role is even more significant outside London and the South East: they provide 44% of private sector jobs in Wales, 39% in Scotland and the South West, and 38% in both the North East and North West. In rural areas, they support almost half of all private sector employment.
Our latest analysis for Allica Bank examines the economic footprint of its SME lending in 2025. It finds that this lending supported a £8.4 billion contribution to UK GDP, 118,000 jobs, and £2.1 billion in tax revenues.
THIS REPORT WAS BROUGHT TO YOU BY THE ECONOMIC IMPACT CONSULTING TEAM
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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