To curb inflation, central banks around the world increased interest rates.
Source: OECD SME Financing Scoreboard 2024
Small
business financing costs have been skyrocketing
SMEs’ interest rates went up by 30% over 2021
*median of Scoreboard countries
Lending to SMEs has been declining
2 percentage points
SME loan applications dropped by New SME loans declined by 1.8% in 2022
Sources of financing have been scarce for SMEs
Venture capital dropped by
16.2% in 2022
SMEs are under pressure…
Bankruptcies jumped by in almost all countries.
21%
*median of Scoreboard countries
There will be no net zero without sustainable finance
SMEs are responsible for around of 40% business-sector greenhouse gas emissions in Europe.
Find out more in our new report
