Asset Finance & Leasing Driving Business Growth

business asset finance for growth Figures out today from the Finance and Leasing Association show that UK companies are using asset finance to support more investment in the plant and machinery, vehicles and IT equipment.

The statistics which are for the period November 2011 show a large increase ( fourteen percentage points) in plant and machinery with the highest increase coming in the information technology sector which enjoyed a twenty nine percent rise in finance. The only sector saw a decrease in funding was for Aircraft, Ships and Rolling Stock which declined by seventeen percent.

In 2011 Finance & Leasing Association members provided £72.7 billion of new finance to UK businesses and households. £20.9 billion of finance was provided to businesses and the public sector, representing around 27.5% of all fixed capital investment (excluding real property and own-account software) in the UK last year. To find out more about the FLA Click here