What do we do in the asset finance sector?

In 2019, our members provided £35.7 billion of finance to the business sector and public services, representing over a third of UK investment in machinery, equipment and purchased software in the UK last year.

Following extensive lobbying by the FLA, the Government included asset finance in its Funding for Lending, Regional Growth Fund and Business Finance Partnership schemes, all of which are aimed at improving the availability of credit for small and medium-sized businesses. The British Business Bank also recently confirmed it will establish an asset finance variant of the Enterprise Finance Guarantee (EFG) scheme.

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