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FLA comments on Chancellor’s Autumn Statement

3 December 2014

Commenting on the Chancellor’s Autumn Statement, Simon Goldie, Head of Asset Finance at the Finance & Leasing Association (FLA), said:

“The FLA welcomes today’s announcement of more funds to encourage business investment by SMEs.

“We are in active discussion with the British Business Bank to ensure that its schemes support all parts of the asset finance (leasing and hire purchase) markets – both bank and non-bank lenders – which already provide a significant proportion of the funding available to SMEs.”

Note to editors:

1. In 2013 FLA members provided £89.0 billion of new finance to UK businesses and households. £22.4 billion of finance was provided to businesses and the public sector. FLA members financed almost 27% of UK investment in machinery, equipment and purchased software in the UK last year.