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Asset finance up 20% in April PDF Print E-mail
Thursday, 04 June 2015

Figures released today by the Finance & Leasing Association (FLA) show growth of 20% in asset finance new business in April 2015, compared with the same month last year.

Plant and machinery finance and business equipment finance each grew by 12% in April, and IT equipment finance increased by 78%.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“The asset finance market reported another month of strong growth in April.  Through the provision of leasing and hire purchase, FLA members financed 28.3% of UK investment in machinery, equipment and purchased software in the twelve months to March 2015, up from 27.1% in the same period in 2014.”

(Source - FLA News Release)  

 
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