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AEDNews - Construction Equipment Industry NewsBusiness Investment Boosted by Asset FinanceNew asset finance figures show that funding is getting to businesses that need to invest in new equipment. The latest new business figures from the Finance & Leasing Association are up 12 percent in April compared with April 2011. Finance for plant and machinery and IT equipment showed strong growth in the last three months. This is consistent with the Office for National Statistics’ provisional business investment Q1 2012 results, which showed growth in investment by the manufacturing and service sectors. Over the past 12 months, FLA members have provided £2.3 billion more funding to businesses, which is clear evidence that asset finance is helping business make the investment they need to prosper and grow. Geraldine Kilkelly, chief economist and head of research at the Finance & Leasing Association, commented: “Despite the challenges in some sectors, asset finance supports investment in new equipment. And our latest confidence survey shows that asset finance providers are optimistic that they will increase the amount of equipment finance over the next year.” Total Asset Finance Business, and Extracts of Breakdown by Asset Class
Article Date: 2012-07-02 Source: Finance & Leasing Association Copyright(C) 2012 Associated Equipment Distributors. All Rights Reserved. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
