UK Invoice Finance Market Size, and the Bank vs Independent Split
UK Finance does not publish a split between bank-owned and independent invoice finance providers. What it does publish: by the end of 2024, invoice finance and asset-based lending supported 34,000 UK businesses, and its members were advancing over £21 billion to them at any point in time (UK Finance Standards Framework). The same document also says members are "advancing over £22 billion in finance to around 40,000 client businesses" at any one time.
What UK Finance publishes
| Figure | Value | Source |
|---|---|---|
| UK businesses supported by invoice finance and asset-based lending, end of 2024 | 34,000 | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) |
| Combined sales turnover of those client businesses | Over £315 billion | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) |
| Finance advanced by UK Finance members at any point in time | Over £21 billion | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) |
| Finance provided by members at any one time (rounded wording) | Well over £20 billion, to tens of thousands of businesses | UK Finance, Invoice Finance and Asset-Based Lending page |
| Combined annual turnover of businesses supported, 2024 | Over £315 billion | UK Finance, Invoice Finance and Asset-Based Lending page |
| Share of the market held by bank-owned vs independent providers | Not published | Not in either source above, or in the Business Finance Review 2026 Q2 |
Source: UK Finance (links below), read 29 October 2026
View as plain-text Markdown
### UK invoice finance and asset-based lending: published UK Finance figures (read 29 October 2026) | Figure | Value | Source | | --- | --- | --- | | UK businesses supported by invoice finance and asset-based lending, end of 2024 | 34,000 | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) | | Combined sales turnover of those client businesses | Over £315 billion | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) | | Finance advanced by UK Finance members at any point in time | Over £21 billion | UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) | | Finance provided by members at any one time (rounded wording) | Well over £20 billion, to tens of thousands of businesses | UK Finance, Invoice Finance and Asset-Based Lending page | | Combined annual turnover of businesses supported, 2024 | Over £315 billion | UK Finance, Invoice Finance and Asset-Based Lending page | | Share of the market held by bank-owned vs independent providers | Not published | Not in either source above, or in the Business Finance Review 2026 Q2 | Source: UK Finance (links below), read 29 October 2026
- UK Finance, The Standards Framework for Invoice Finance and Asset-Based Lending (January 2025) (PDF)
- UK Finance, Invoice Finance and Asset-Based Lending page (no date shown on the page)
- UK Finance, Business Finance Review 2026 Q2 (September 2026) (PDF; covers SME lending by mainstream lenders and has no invoice finance figures)
What about bank vs independent?
UK Finance names both kinds of provider. Its Standards Framework says these products are available "from the specialist divisions of the UK banks, as well as a range of independent non-bank finance providers". It does not say how much of the market each group holds, and we found no other UK Finance release that does. The British Business Bank does give some figures, below.
UK Finance also says "the majority" of UK invoice finance and asset-based lending providers are its IF/ABL members (Standards Framework), so its figures leave out firms outside membership.
What the British Business Bank reports
The British Business Bank's Small Business Finance Markets 2025/26 report (March 2026) gives the clearest recent split we have found (British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156).
| Figure | Value | Source |
|---|---|---|
| Independent providers' share of invoice finance and asset-based lending clients, as the March 2026 report puts it ("now") | 30%, up from 27% at the end of 2024 | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Share of invoice finance and asset-based lending to smaller businesses supplied by non-bank lenders, 2025 | 30% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 152 |
| Change in money advanced by the main clearing banks, 2025 | Up 12% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Change in money advanced by independent providers, 2025 | Up 4% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Change in money advanced by specialist and challenger banks, 2025 | Down 9% (partly because one internationally owned provider left the market) | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
Source: British Business Bank, read 3 November 2026
View as plain-text Markdown
### Bank and non-bank invoice finance and asset-based lending, British Business Bank (read 3 November 2026)
| Figure | Value | Source |
| --- | --- | --- |
| Independent providers' share of invoice finance and asset-based lending clients, as the March 2026 report puts it ("now") | 30%, up from 27% at the end of 2024 | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Share of invoice finance and asset-based lending to smaller businesses supplied by non-bank lenders, 2025 | 30% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 152 |
| Change in money advanced by the main clearing banks, 2025 | Up 12% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Change in money advanced by independent providers, 2025 | Up 4% | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
| Change in money advanced by specialist and challenger banks, 2025 | Down 9% (partly because one internationally owned provider left the market) | British Business Bank, Small Business Finance Markets 2025/26 (March 2026), page 156 |
Source: British Business Bank, read 3 November 2026 The two 30% figures measure different things. One is a share of clients. The other is a share of the money lent to smaller businesses. Read them as two separate measures, not one.
If you see a bank vs independent percentage elsewhere, check where it comes from before you rely on it.
“These are UK Finance member figures. UK Finance says most UK invoice finance and asset-based lending providers are members, so firms outside its membership are not counted. The £21 billion is money advanced at a point in time, not new lending over a year.”
FAQs
Does UK Finance publish the bank vs independent share of invoice finance?
Not in anything we could find. Its invoice finance and asset-based lending page, its Standards Framework and its latest quarterly Business Finance Review (2026 Q2) give no split between bank-owned and independent providers.
What share of invoice finance clients use independent providers?
The British Business Bank's Small Business Finance Markets 2025/26 report (March 2026) says independent providers now have 30% of invoice finance and asset-based lending clients, up from 27% at the end of 2024. Separately, it says non-bank lenders supplied 30% of invoice finance and asset-based lending to smaller businesses in 2025. The first counts clients, the second counts lending.
What is the difference between a bank-owned and an independent provider?
UK Finance says invoice finance and asset-based lending come from the specialist divisions of UK banks and from a range of independent non-bank finance providers. A bank-owned provider is part of a bank. An independent provider is not.
How big is the UK invoice finance market?
UK Finance says that by the end of 2024, invoice finance and asset-based lending supported 34,000 UK businesses, and that at any point in time its members will be advancing over £21 billion to those businesses. These figures cover UK Finance members only.
Should I choose a bank-owned or an independent provider?
Ownership alone does not tell you the cost or the terms. Compare written quotes on the same figures: advance rate, service charge, discount charge, minimum term and any other fees.
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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