© Business-Money.com Ltd 2013

do you
your customers?

Business Money Magazine

Latest News for 20 May 2013

Search by Category: Show All Business Money Search by Sub Category: Show All News Search by Keyword Show Archive

Show All » Business Money » News »

Asset finance supports manufacturing growth - May 18, 2012 The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in the first quarter of this year by 26% compared with the same time in 2011. The figures reinforce the findings of a recent report by the Engineering Employers Federation. The research found that 86% of EEF members who used external finance had invested in equipment through asset finance in the last three years. A similar percentage of manufacturers expected to use it in the next three years. The government’s National Loans Guarantee Scheme included asset finance and the FLA hopes it will also be a key feature of the government’s Business Finance Partnership.   The FLA’s latest figures also show that asset finance for cars, commercial vehicles and IT equipment grew in the first quarter of 2012 compared with the same period last year. Geraldine Kilkelly, chief economist and head of research at the FLA, commented: “The sustained growth in asset finance meant that the percentage of fixed capital investment financed by the industry rose from 24% in 2010 to 27% in 2011. The recent EEF report shows the importance of asset finance in supporting manufacturing investment. There is clear evidence that asset finance can make a significant contribution to the UK’s economic recovery.” « Go Back © Business-Money.com Ltd

Other Business Money News  Business Money News » May 17, 2013 - Centric posts record results with £10.5m facility for Secured Mail » News article ... [view] » May 17, 2013 - Multinationals’ tax havens put UK SMEs unfairly in the spotlight » News article ... [view] » May 16, 2013 - Warm weather in April gives online travel sector a boost » News article ... [view] » May 16, 2013 - Euro suffers after eurozone recession continues into 2013 » News article ... [view]