The 4th Annual UK Alternative Finance Industry Report

Cambridge Centre for Alternative Finance has published the 4th annual UK alternative finance industry report. This report is titled ‘Entrenching Innovation’, which is a reflection upon both the historical development and the current state of the UK online alternative finance industry. The data collected from 77 alternative finance platforms, as well as over 8,300 retail investors within the UK. The data revealed that the UK online alternative finance market grew from the £3.2 billion in 2015 to £4.6 billion in 2016, representing an annual growth of 43%. Over the six years between 2011 and 2016, a total of £11 billion worth of market volume has been facilitated through online alternative finance channels in the UK.

“As market consolidation accelerates there is greater pressure on alternative finance platforms to distinguish themselves through better services and more innovative products, whilst simultaneously responding to emerging regulatory and supervisory demands. Consequently, the industry has witnessed a considerable level of product and business-model innovation over the last year. Some of these innovative changes have driven the growth of the alternative finance market to £4.58 billion in 2016 whereas others, such as the controversial ‘wholesale lending’, have not been conducive to the development of the industry”.

Further  report see Here

 

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