Date lodged: 1 March 2018
To ask the Scottish Government what the estimated gap in SME finance in Scotland has been in the (a) debt and (b) equity market in each year since 1999.
Answered by: Paul Wheelhouse 24 April 2018
The Scottish Government does not routinely produce estimates of the size of the gap in the small and medium-sized enterprise (SME) debt and equity finance markets in Scotland.
However, an estimate of the size of the gap in the SME debt market in Scotland was published in the 2015 Scottish Government report ‘The Market for SME Finance in Scotland’ available at http://www.gov.scot/Resource/0048/00484379.pdf . The report estimated that the debt gap in Scotland was in the range of £330 million to £750 million per year, acknowledging that the size and nature of the gap can vary over time.
Since 2009, the Scottish Government has regularly published information on access to finance conditions for SMEs in Scotland in its SME Access to Finance report (available for 2009, 2010, 2012 and 2014) available at https://beta.gov.scot/publications/sme-access-to-finance-2014/ and as part of the Small Business Survey Scotland report (available for 2012, 2014, 2015 and 2016) available at https://beta.gov.scot/publications/small-business-survey-scotland-2016/ .
In addition, Scottish Enterprise regularly publishes information on the equity market in Scotland in its annual ‘The Risk Capital Market in Scotland’ report available at http://www.evaluationsonline.org.uk/evaluations/Search.do?ui=basic&action=show&id=623 .