FLA members provided £28 billion to the business sector and UK public services in 2007, representing almost 30% of all fixed capital investment in the UK last year (excluding real property and own-account software). FLA members provided £18.9 billion of finance to the motor sector. FLA members financed more than 50% of all new car registrations in the UK last year.
Our members include banks, subsidiaries of banks and building societies, the finance sections of leading retailers and manufacturing companies, and a range of independent firms. They provide a wide range of facilities, including finance leasing, operating leasing, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans, credit cards and store cards.
FLA campaigns for best practice in lending and leasing. This site provides guidance for business on the types of finance products (explaining some of the words used), the benefits to business of Hire Purchase and Leasing, and some specific sector advice. You will also find tips on company identity theft and fraud prevention.
Our Business Finance Code sets out standards of good practice for the finance and leasing industry in the conduct of transactions with business customers. The Code covers companies, other corporate bodies or unincorporated businesses, local authorities or the National Health Service who seek credit or leasing facilities for the purposes of a trade, profession, or public service activity.
