FLA welcomes asset finance variant of EFG scheme

Commenting on the British Business Bank’s (BBB) announcement that it plans to launch an asset finance option within the Enterprise Finance Guarantee (EFG) scheme, Simon Goldie, Head of Asset Finance at the Finance & Leasing Association (FLA), said:

“This is a very welcome development and reflects our discussions with the Government and the BBB on this issue. We will continue to work with the BBB on the development of the asset finance option of the EFG, which the BBB says it intends to launch this Summer.”

Note to editors:

1. The British Business Bank’s Enterprise Finance Guarantee scheme – strategic and operational design review was published on 20 April 2016.
2. 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.