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Commercial Credit News
|Asset finance industry helps drive recovery in business investment|
|Friday, 11 September 2015|
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business grew by 2% in July 2015, the twenty-second consecutive month of growth. The industry, through the provision of leasing and hire purchase, financed 28.2% of all UK investment in machinery, equipment and purchased software in the twelve months to June 2015, a five-year high.
IT equipment finance grew by 37% compared with July 2014, while commercial vehicle finance and business equipment finance grew by 12% and 3% respectively over the same period.
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