News
FLA responds to launch of green paper on business finance
Responding to the Secretary of State’s green paper on business finance, Julian Rose, Head of Asset Finance at the Finance & Leasing Association, said:
“We are very pleased the Government has acknowledged the importance of asset finance for business investment, and particularly for SMEs. But the market is constrained by the current tax and accounting regulations. We will be explaining to the Government the positive difference which relatively small changes to those regulations could make, including for investment in low-carbon equipment.”
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Note to editors:
In 2009 FLA members provided £72.5 billion of new finance to UK businesses and households. Almost £19.3 billion of finance was provided to businesses and the public sector, representing around a quarter of all fixed capital investment in the UK last year and the majority of business investment borrowing. £53.2 billion was in the form of consumer credit, including a third of all unsecured lending in the UK. And £16.5 billion supported the purchase of half of new car registrations in the UK.
For further media information, please contact:
Russell Hamblin-Boone, FLA
T: 020 7420 9656 E: russell.hamblin-boone@fla.org.uk M: 07810 374110
Helen Saxon, FLA
T: 020 7420 9664 E: helen.saxon@fla.org.uk M: 07918 766 993