The Finance & Leasing Association is the leading trade body for the asset, consumer and motor finance sectors in the UK. Our members include banks, subsidiaries of banks and building societies, the finance arms of leading retailers and manufacturing companies, and a range of independent firms.
In 2020, members of the Finance & Leasing Association (FLA) provided £113 billion of new finance to UK businesses, households and the public sector. Of this total, £37 billion was provided by non-bank lenders.
£27 billion was provided in the form of asset finance to businesses - £16 billion of which went to SMEs to fund new equipment, plant and machinery, or purchased software.
£86 billion was provided in the form of consumer credit, which includes £32 billion of car finance supporting the purchase of over 93% of all private new car registrations.