The Value of Liberis: Our Impact on the UK Economy
Did you know that every £1 of Liberis funding increases spending in the economy by over £1.50? And that we’ve grown the funding we provide by over 50% each year since 2014?Return to blog posts
Did you know that every £1 of Liberis funding increases spending in the economy by over £1.50? And that we’ve grown the funding we provide by over 50% each year since 2014?
Liberis’ purpose is to provide simple, flexible funding to help businesses thrive and achieve their ambitions. Thanks to the smart innovation of our product and the hard work of our expert team, we’ve made great strides towards this goal over the past 11 years and have hit some milestones that we’re really proud of. To highlight just a few:
- We’ve provided over £260m of funding to almost 9,000 UK companies, partnerships and sole traders.
- We’ve enabled nearly 82,000 UK jobs – that’s more than 41,000 at the businesses we’ve funded, and a further 40,000 through the spending of these businesses and their employees.
- And, as over ¾ of our customers use Liberis funding to invest in or grow their business, over 90% of total customers would recommend us to a friend or colleague.
Looking at the finance space as a whole, it is no secret that the mainstream banking has retreated from funding small businesses in recent years.
Despite the lack of funding, this sector continues to grow and to create vital jobs that our economy needs and Liberis is incredibly proud to be a part of this continued development. With this in mind, we’ve teamed up with John Gathergood, Professor of Economics at the University of Nottingham, to build a report that documents Liberis’ total impact on the UK economy. There are some surprising stats in there, and some inspiring stories from the business owners we work with too.
You can download the full report here.
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