Demand for external finance by environmentally-motivated SMEs: An exploration of geographical disparities and potential in relation to Net Zero: ERC research paper 108
Working paper
Gottschalk, S. and Owen, R. 2023. Demand for external finance by environmentally-motivated SMEs: An exploration of geographical disparities and potential in relation to Net Zero: ERC research paper 108. London, UK Enterprise Research Centre (ERC).
| Type | Working paper |
|---|---|
| Title | Demand for external finance by environmentally-motivated SMEs: An exploration of geographical disparities and potential in relation to Net Zero: ERC research paper 108 |
| Authors | Gottschalk, S. and Owen, R. |
| Abstract | Using UK Longitudinal Small Business Survey (LSBS) 2017-2021 annual data waves and geographical and digital accessibility indices, the paper investigates how regional disparities and peripheral location impact on the use and demand for external funding by green UK SMEs and social enterprises (SEs). Green SMEs are defined by the LSBS as those that declare having environmental goals as their sole or primary business objective, and those that have green objectives but prioritise profit-making. Social enterprises have social or ethical goals, generate income from trading activities, and use resultant profits to further those goals. Although the paper focuses on geographical disparities, it also examines whether the rise of digital finance and FinTech has changed how SMEs obtain external finance. The relationship between green external financing and SME skills and capabilities, future business intentions, industrial sectors and other business environment characteristics, such as urban versus rural location, local deprivation index, is also analysed. |
| Sustainable Development Goals | 13 Climate action |
| Middlesex University Theme | Sustainability |
| Research Group | GreeFin Research |
| Publisher | Enterprise Research Centre (ERC) |
| Place of publication | London, UK |
| Publication dates | |
| Online | 27 Jul 2023 |
| Jul 2023 | |
| Publication process dates | |
| Accepted | 27 Jul 2023 |
| Deposited | 27 Sep 2023 |
| Output status | Published |
| Publisher's version | File Access Level Open |
| Copyright Statement | The published paper is reproduced in the Middlesex University Research Repository with permission of the publisher, Enterprise Research Centre (ERC). |
| Additional information | ERC Research Paper 108 |
| Web address (URL) | https://www.enterpriseresearch.ac.uk/publications/demand-for-external-finance-by-environmentally-motivated-smes-an-exploration-of-geographical-disparities-and-potential-in-relation-to-net-zero/ |
| Language | English |
https://repository.mdx.ac.uk/item/q4yq8
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Publisher's version
| ERC - ResPap108 Demand for external finance by environmentally-motivated SMEs.pdf | ||
| File access level: Open | ||
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