21 June 2016
Commenting on the British Business Bank’s (BBB) announcement that it has opened up the accreditation process for the new asset finance variant of the Enterprise Finance Guarantee (EFG) scheme, Simon Goldie, Head of Asset Finance at the Finance & Leasing Association (FLA), said:
“Today’s announcement will help to ensure that more small and medium-sized businesses will be able to access the finance they need to grow. It is also great to see asset finance growing in profile and use through the Government’s lending schemes.”
Note to editors:
- The British Business Bank announced it had opened up the Enterprise Finance Guarantee scheme to asset finance providers on 21 June 2016.
- The British Business Bank’s Enterprise Finance Guarantee scheme – strategic and operational design review was published on 20 April 2016.
- The Finance & Leasing Association is 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 2015, FLA members provided £110 billion of new finance to UK businesses and households. £29 billion of finance was provided to businesses and the public sector. FLA members financed almost 32% of UK investment in machinery, equipment and purchased software in the UK in 2015.