|
Latest News Headlines
Headlines
Commercial Credit News
Headlines
|
| Asset finance market records two years of consecutive monthly growth |
|
|
|
| Thursday, 05 November 2015 | |
|
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in September compared with the same month last year – the twenty-fourth consecutive month of growth. New business for deals of up to £20 million grew by 8% in the same period, while total new business grew by 12% in the twelve months to September 2015. IT equipment finance grew by 48% compared with September 2014, and commercial vehicle finance showed growth of 14% over the same period. Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The growth in the asset finance market over the last two years has helped more businesses fund investment in essential equipment that they need to expand. The latest official data suggests that FLA members’ funding of UK investment in machinery, equipment and software has increased from 28.1% to 32.0% in only two years.” |
latest issue
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
subscriptions
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
CCR World Magazine
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP
Registered in England No: 05483197