“We welcome the Government’s recent announcement focusing on growth through increased business investment. Demand for asset finance from SMEs remained buoyant as new lending to these businesses increased by 20% compared with August 2021. “August saw the asset finance market report its strongest growth in new business since March of this year, driven by growth across several asset sectors. Over the same period, commercial vehicle finance new business increased by 6%.Ĭommenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said: The business equipment finance and plant and machinery finance sectors reported new business up in August by 8% and 12% respectively, compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021. New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021.
0 Comments
Leave a Reply. |