The Finance & Leasing Association was formed in 1992 when the Equipment Leasing Association and the Finance Houses Association merged – making it the leading trade body for the asset, consumer and motor finance sectors in the UK, and the largest organisation of its kind in Europe.
In 2016, members of the Finance & Leasing Association (FLA) provided £118 billion of new finance to UK businesses and households, £41 billion of which helped consumers and businesses buy new and used cars, including over 86% of private new car registrations.
£88 billion was in the form of consumer credit, accounting for over a third of total new consumer credit written in the UK. £30 billion of finance was provided to businesses and the public sector to support investment in new equipment, representing almost a third of UK investment in machinery, equipment and purchased software in the UK last year.
FLA members comprise banks, subsidiaries of banks and building societies, the finance arms of leading retailers and manufacturing companies, and a range of independent firms, helping to boost UK production, support demand for UK goods and services, and secure jobs.
One of the most important services we offer is making sure that our members’ views are heard by those shaping the business environment in which they operate. We lobby on industry issues, both at home and in Europe, and also as a member of Eurofinas and Leaseurope, the European umbrella bodies for the sectors we represent.