Apr 13, 2021: The UK asset finance market has achieved growth for the first time in more than a year, according to new figures released by the Finance & Leasing Association (FLA). In February, total asset finance new business reached £2.2 billion, marking a...

 

Apr 12, 2021: Simply, a UK small business lender, is now offering companies investing in new plant and machinery assets the opportunity to claim a 130% super-deduction capital allowance. Currently in effect until 31 March 2023, companies can also claim a 50% fi...

 

Apr 02, 2021: PEAC Finance has acquired Barclays’ Asset Finance business, which has total assets of £1.15 billion and 1,500 customers. Upon the change of control, the business will be combined with PEAC Finance. PEAC Finance will continue to work with Barclays ...

 

Mar 15, 2021: Some 45% of small businesses applied for external financial support in 2020, revealed the British Business Bank (BBB) in its latest Small Business Finance Markets report. This compares to just 13% of small businesses in 2019, illustrating a surge i...

 

Feb 26, 2021: The UK banking and finance sector has so far provided some £73 billion in finance to more than 1.6 million businesses through government-backed COVID lending schemes, according to figures from HM Treasury. This totals around 27% of British busines...

 

Feb 19, 2021: Allica Bank, a UK-based SME lender, has revealed the launch of a new asset finance division to unlock up to £250,000 in finance, with an advance of up to 100% and a maximum term of seven years. Available through the Bank’s network of brokers acros...

 

Feb 18, 2021: Around one million SMEs have been overlooked in terms of COVID emergency support and are now in urgent need of help, with 20% receiving no financial support from the government since the onset of the pandemic, according to a new report from the Fed...

 

Feb 16, 2021: The British Business Bank has revealed further details of the ‘pay-as-you-grow’ (PAYG) facility which enables more flexible repayments for UK SMEs that took out a bounce back loan. The facility is hoped to help smaller businesses to manage their c...

 

Feb 10, 2021: SME funder Simply is expanding its support for small businesses during the COVID-19 crisis after receiving an increased allocation of funding under the Coronavirus Business Interruption Loan Scheme (CBILS). Simply is accredited by the British Busi...

 

Jan 07, 2021: As the asset finance industry enters the new year and resumes trading following the holiday period, Asset Finance International looks back on some of the most significant trends of the previous year. The UK auto finance market achieved strong perf...