25 November 2020
Commenting on the Chancellor’s Spending Review, Stephen Haddrill, Director General of the FLA, said:
“The creation of a National Infrastructure Bank and the £100 billion levelling up fund will help address long-term regional disparities in the UK.
“Our asset finance members are very well placed to help. Infrastructure projects by their very nature require specialist knowledge of the business sectors involved, and the region in which the work is to be done.
“Asset finance firms are already working with local authorities on numerous projects. Their expertise should be leveraged by Government as it rolls out its economic recovery plans.”
Notes to editors
- In 2019, FLA members provided £140.3 billion of new finance to UK businesses and households. £104.7 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2019. £35.7 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2019.
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