ThinCats passes £2bn funding milestone for UK SMEs

At ThinCats our mission is to help mid-sized UK businesses thrive.

We work alongside our partners in the business finance community to provide growth capital to the entrepreneurs fuelling the UK economy and are proud to have now provided over £2 billion in funding to mid-sized SMEs, turning our vision into reality.

With our headquarters in Birmingham, and regional teams across the Northwest, Yorkshire, and the South, we are dedicated to supporting economic growth across the whole of the UK. Notably, two-thirds of our £2bn funding has been directed to businesses outside of London, reinforcing our commitment to levelling up opportunities across the country.

Funding solutions across sectors

ThinCats lends to a range of businesses from manufacturing and hospitality businesses to those in the care sector and professional services. The launch of our healthcare proposition in 2020, along with the sponsor franchise has been instrumental in this continued growth and the care sector is one in which we have been most active in over the last few years.

With over 26% of our funding being used to finance acquisitions, it’s unsurprising that ThinCats consistently ranks at the top of Experian’s Market IQ M&A league tables. We currently rank as number 1 overall provider of debt funding to UK businesses (Q3 report), as well as leading the debt provider tables across several regions, including London, Southeast, Southwest, Midlands, Northwest and Scotland.

Evolving marketplace

The UK business lending market continues to evolve, with a greater number and range of finance providers than ever before, with challenger banks and alternative lenders now collectively lending more than the four largest UK banks (BBB Small business finance markets report 2023/2024).

Looking ahead to 2025, ThinCats expects to see increased activity in the market with many mid-sized SMEs looking for finance to scale up and acquire.