Commissioned by Allica Bank

Challenger and specialist banks now account for 60% of SME lending in the UK. Our report investigates the economic footprint of one such entity—Allica Bank.

Having issued its first loans in March 2020, Allica Bank’s lending topped £3 billion in 2024—the same year it topped the Sunday Times 100 list of the UK’s fastest growing companies. Our analysis reveals Allica Bank’s lending supported a total contribution to UK GDP of £5.8 billion in 2024, along with 84,000 jobs, spread across the length and breadth of the country.

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Oxford Economics specialises in forecasting, economic impact analysis, and evidence-based thought leadership. Our economists and analysts draw from a rich database of figures and analysis on 200 countries, 100 sectors, and 7,000 cities and regions.

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The experts behind the research
  • James Bedford

    James Bedford

    Lead Economist, Economic Footprint & Sustainability

  • Evie Johnson

    Evie Johnson

    Senior Economist, Economic Footprint and Sustainability

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